Canadian Imperial Bank of Commerce Lowers Kinaxis (TSE:KXS) Price Target to C$171.00

Key Points

• Canadian Imperial Bank of Commerce cut its price target on Kinaxis to C$171 from C$203, a move echoed by other firms and leaving a MarketBeat consensus of "Moderate Buy" with an average target of C$205.11.
• Kinaxis shares last traded at C$146.66, the company has a market cap of C$4.06 billion and reported quarterly EPS of C$0.93 on revenue of C$189.95 million, while six analysts rate the stock Buy and one rates it Hold.

Kinaxis (TSE:KXS - Get Free Report) had its price objective decreased by Canadian Imperial Bank of Commerce from C$203.00 to C$171.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's price objective indicates a potential upside of 16.60% from the company's previous close.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets dropped their price target on Kinaxis from C$225.00 to C$180.00 in a research note on Monday, March 2nd. Scotiabank decreased their price target on Kinaxis from C$240.00 to C$200.00 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. Canaccord Genuity Group decreased their price target on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. TD Securities reduced their price objective on Kinaxis from C$229.00 to C$200.00 and set a "buy" rating for the company in a report on Friday, March 6th. Finally, Royal Bank Of Canada reduced their price objective on Kinaxis from C$235.00 to C$200.00 and set an "outperform" rating for the company in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Kinaxis currently has a consensus rating of "Moderate Buy" and an average price target of C$205.11.

Kinaxis Trading Up 0.0%

Shares of Kinaxis stock traded up C$0.05 on Friday, hitting C$146.66. 44,827 shares of the company's stock traded hands, compared to its average volume of 146,672. Kinaxis has a one year low of C$117.22 and a one year high of C$212.45. The company has a debt-to-equity ratio of 11.39, a current ratio of 1.97 and a quick ratio of 2.29. The company has a fifty day moving average of C$133.82 and a two-hundred day moving average of C$157.90. The company has a market capitalization of C$4.06 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The company had revenue of C$189.95 million for the quarter. As a group, sell-side analysts expect 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.

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