Kinaxis (TSE:KXS) Given New C$185.00 Price Target at BMO Capital Markets

Kinaxis (TSE:KXS) had its price target hoisted by equities researchers at BMO Capital Markets from C$180.00 to C$185.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 16.79% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce lowered their price objective on Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. Canaccord Genuity Group reduced their price target on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Stifel Nicolaus lowered their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Securities cut their price objective on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Royal Bank Of Canada reduced 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinaxis presently has an average rating of “Moderate Buy” and an average price target of C$201.78.

Kinaxis Price Performance

TSE KXS traded up C$5.44 during trading hours on Friday, hitting C$158.40. 92,942 shares of the company’s stock traded hands, compared to its average volume of 138,576. The company has a market capitalization of C$4.38 billion, a PE ratio of 64.65, a PEG ratio of 3.60 and a beta of 0.68. The company has a debt-to-equity ratio of 11.39, a current ratio of 1.97 and a quick ratio of 2.29. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45. The firm’s 50-day moving average is C$138.87 and its 200-day moving average is C$153.99.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The business had revenue of C$230.19 million for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. Equities analysts forecast 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.