Kinaxis (TSE:KXS) Price Target Raised to C$185.00 at BMO Capital Markets

Kinaxis (TSE:KXS) had its target price lifted by BMO Capital Markets from C$180.00 to C$185.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 16.79% from the company’s previous close.

Several other research firms also recently commented on KXS. Stifel Nicolaus dropped their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday. Canaccord Genuity Group lowered their target price on Kinaxis from C$225.00 to C$200.00 in a research note on Friday, March 6th. Scotiabank cut their price target on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. TD Securities reduced their price target on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, Royal Bank Of Canada cut their target price on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$201.78.

Kinaxis Trading Up 3.6%

Kinaxis stock traded up C$5.44 during midday trading on Friday, reaching C$158.40. 92,942 shares of the stock traded hands, compared to its average volume of 138,576. The firm has a market cap of C$4.38 billion, a PE ratio of 64.65, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. The company has a current ratio of 1.97, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. The company has a 50-day simple moving average of C$138.87 and a two-hundred day simple moving average of C$153.99. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$212.45.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. The business had revenue of C$230.19 million for the quarter. Research analysts expect that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

About Kinaxis

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.