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

Key Points

• TD Securities cut its price target on Kinaxis to C$200 (from C$229) but kept a "buy" rating, which implies roughly a 45.85% upside from the current share price.
• Multiple brokers have trimmed targets toward ~C$200 (BMO at C$180), leaving a consensus of "Moderate Buy" with an average target of C$208.67 (six Buys, one Hold).
• Kinaxis shares trade near C$137.13 with a C$3.79B market cap and a high P/E (~114); the company reported C$0.93 EPS on C$189.95M revenue last quarter, indicating growth expectations despite recent price weakness.

Kinaxis (TSE:KXS - Get Free Report) had its target price dropped by TD Securities from C$229.00 to C$200.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 45.85% from the stock's current price.

Several other research firms have also recently weighed in on KXS. Canaccord Genuity Group lowered their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday. Canadian Imperial Bank of Commerce raised shares of Kinaxis from a "hold" rating to an "outperform" rating and boosted their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Royal Bank Of Canada lowered 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 report on Monday, January 26th. Scotiabank lowered their price objective on Kinaxis from C$240.00 to C$200.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. Finally, BMO Capital Markets decreased their price target on Kinaxis from C$225.00 to C$180.00 in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$208.67.

Kinaxis Stock Performance

Shares of TSE:KXS traded up C$2.49 on Friday, hitting C$137.13. The company had a trading volume of 115,354 shares, compared to its average volume of 148,950. The stock has a 50 day moving average price of C$145.09 and a 200 day moving average price of C$168.04. The company has a current ratio of 2.24, a quick ratio of 2.29 and a debt-to-equity ratio of 10.96. The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of 114.28, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$212.45.

Kinaxis (TSE:KXS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a net margin of 6.59% and a return on equity of 8.18%. The business had revenue of C$189.95 million for the quarter. Analysts expect that Kinaxis will post 4.2526231 EPS 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.

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