Kinaxis (TSE:KXS) Price Target Raised to C$185.00 at BMO Capital Markets

Kinaxis (TSE:KXS) had its price objective hoisted by BMO Capital Markets from C$180.00 to C$185.00 in a research report released on Friday morning,BayStreet.CA reports.

KXS has been the subject of several other research reports. Canadian Imperial Bank of Commerce dropped their price objective on Kinaxis from C$203.00 to C$171.00 in a report on Friday, April 17th. Canaccord Genuity Group dropped their price objective on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Scotiabank dropped their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Royal Bank Of Canada dropped 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. Finally, Stifel Nicolaus dropped their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$200.75.

Kinaxis Trading Up 3.8%

TSE KXS opened at C$158.73 on Friday. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. The stock has a 50 day simple moving average of C$138.87 and a two-hundred day simple moving average of C$153.99. The stock has a market cap of C$4.34 billion, a P/E ratio of 53.99, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%.The business had revenue of C$230.19 million during the quarter. On average, analysts forecast 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.