Canaccord Genuity Group Lowers Kinaxis (TSE:KXS) Price Target to C$200.00

Kinaxis (TSE:KXS) had its price target dropped by equities research analysts at Canaccord Genuity Group from C$225.00 to C$200.00 in a report released on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 45.85% from the stock’s current price.

A number of other research analysts also recently weighed in on KXS. Scotiabank lowered their price objective on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. BMO Capital Markets lowered their price target on Kinaxis from C$225.00 to C$180.00 in a report on Monday. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$201.00 to C$203.00 in a research note on Monday, December 15th. TD Securities raised Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada reduced their price objective on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$208.67.

Kinaxis Stock Up 1.8%

Shares of Kinaxis stock traded up C$2.49 on Friday, reaching C$137.13. The company’s stock had a trading volume of 115,354 shares, compared to its average volume of 148,950. Kinaxis has a 52 week low of C$117.22 and a 52 week high of C$212.45. The firm’s fifty day simple moving average is C$145.09 and its two-hundred day simple moving average is C$168.04. The company has a quick ratio of 2.29, a current ratio of 2.24 and a debt-to-equity ratio of 10.96. The company has a market capitalization of C$3.79 billion, a price-to-earnings ratio of 114.28, a P/E/G ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a return on equity of 8.18% and a net margin of 6.59%.The company had revenue of C$189.95 million for the quarter. Equities analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current year.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.