TD Securities Cuts Kinaxis (TSE:KXS) Price Target to C$200.00

Kinaxis (TSE:KXS) had its price objective reduced by TD Securities from C$229.00 to C$200.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 45.85% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Kinaxis from C$225.00 to C$200.00 in a research note on Friday. Royal Bank Of Canada dropped their price target on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Scotiabank lowered their target price on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, BMO Capital Markets reduced their price target on Kinaxis from C$225.00 to C$180.00 in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$208.67.

Kinaxis Price Performance

Shares of TSE:KXS traded up C$2.49 during trading on Friday, hitting C$137.13. 115,354 shares of the company were exchanged, compared to its average volume of 148,950. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$212.45. The company has a market capitalization of C$3.79 billion, a P/E ratio of 114.28, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. 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 business’s 50 day moving average is C$145.09 and its 200-day moving average is C$168.04.

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