Canadian Imperial Bank of Commerce Has Lowered Expectations for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its price objective lowered by analysts at Canadian Imperial Bank of Commerce from C$203.00 to C$171.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 16.31% from the company’s current price.

KXS has been the subject of several other reports. Scotiabank decreased their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Canaccord Genuity Group decreased their target price on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. BMO Capital Markets decreased their target price on shares of Kinaxis from C$225.00 to C$180.00 in a report on Monday, March 2nd. Royal Bank Of Canada decreased their target price on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Finally, TD Securities decreased their target price on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Kinaxis has a consensus rating of “Moderate Buy” and a consensus target price of C$205.11.

Kinaxis Stock Up 0.3%

Shares of Kinaxis stock opened at C$147.02 on Friday. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97. The stock has a market capitalization of C$4.07 billion, a PE ratio of 60.01, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45. The company has a 50-day simple moving average of C$134.21 and a two-hundred day simple moving average of C$157.53.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share (EPS) for the quarter. The business had revenue of C$189.95 million during the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. On average, analysts anticipate that Kinaxis will post 4.2526231 EPS 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.