Canaccord Genuity Group Issues Pessimistic Forecast for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its price target reduced by equities researchers at Canaccord Genuity Group from C$225.00 to C$200.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 47.90% from the stock’s previous close.

Several other equities analysts also recently commented on KXS. TD Securities raised Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Scotiabank dropped their price target on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Royal Bank Of Canada reduced their price target on 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 raised Kinaxis from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Finally, BMO Capital Markets lowered their price objective on Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and a consensus price target of C$208.67.

Kinaxis Stock Performance

Shares of KXS stock opened at C$135.23 on Friday. Kinaxis has a 52 week low of C$117.22 and a 52 week high of C$212.45. The company has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 112.69, a PEG ratio of 3.60 and a beta of 0.76. The company has a 50-day simple moving average of C$144.29 and a 200 day simple moving average of C$167.39. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. The firm had revenue of C$189.95 million for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. On average, sell-side analysts predict that Kinaxis will post 4.2526231 earnings per share for the current 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.