Canaccord Genuity Group Issues Pessimistic Forecast for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its price target lowered by equities research analysts at Canaccord Genuity Group from C$225.00 to C$200.00 in a research report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 45.85% from the company’s previous close.

Several other equities research analysts have also issued reports on KXS. TD Securities upgraded shares of Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. Scotiabank cut their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised shares of Kinaxis from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$201.00 to C$203.00 in a research note on Monday, December 15th. Royal Bank Of Canada cut their target price on 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. Finally, BMO Capital Markets reduced their price target on Kinaxis from C$225.00 to C$180.00 in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$208.67.

Kinaxis Price Performance

Shares of Kinaxis stock traded up C$2.49 during trading hours on Friday, reaching C$137.13. The company’s stock had a trading volume of 115,354 shares, compared to its average volume of 148,950. The firm 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 debt-to-equity ratio of 10.96, a current ratio of 2.24 and a quick ratio of 2.29. The stock has a market cap of C$3.79 billion, a P/E ratio of 114.28, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis has a one year low of C$117.22 and a one year high of C$212.45.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a return on equity of 8.18% and a net margin of 6.59%.The company had revenue of C$189.95 million during the quarter. On average, analysts predict 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.