Kinaxis (TSE:KXS) Price Target Cut to C$200.00 by Analysts at Stifel Nicolaus

Kinaxis (TSE:KXS) had its target price decreased by research analysts at Stifel Nicolaus from C$245.00 to C$200.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 43.31% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. 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. TD Securities lowered their price objective 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. Canaccord Genuity Group lowered their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Royal Bank Of Canada decreased their target price on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Finally, Scotiabank decreased their target price on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$200.11.

Kinaxis Stock Performance

TSE KXS traded down C$3.08 during trading hours on Wednesday, reaching C$139.56. The stock had a trading volume of 26,855 shares, compared to its average volume of 137,843. The stock has a fifty day moving average of C$137.77 and a 200 day moving average of C$154.48. The stock has a market cap of C$3.86 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. 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.

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

Kinaxis Company Profile

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.