TD Securities Lowers 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 note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 47.90% from the company’s previous close.

Several other research firms have also issued reports on KXS. Scotiabank dropped their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada cut their price target on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. BMO Capital Markets reduced their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. Finally, Canaccord Genuity Group dropped their target price on shares of Kinaxis from C$225.00 to C$200.00 in a research report on Friday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinaxis presently has a consensus rating of “Moderate Buy” and an average target price of C$208.67.

Kinaxis Stock Up 0.4%

Shares of TSE KXS opened at C$135.23 on Friday. The company has a market capitalization of C$3.73 billion, a P/E ratio of 112.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45. 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 company’s 50 day moving average price is C$144.29 and its 200-day moving average price is C$167.39.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. The company had revenue of C$189.95 million for the quarter. Equities analysts forecast 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.