BMO Capital Markets cuts Kinaxis (TSE:KXS) price target to C$185.00

Kinax (EAST: KXS – Get a rating) had its price target reduced by equity analysts at BMO Capital Markets from C$200.00 to C$185.00 in a report on Monday, BayStreet.CA reports. The BMO Capital Markets target price indicates a potential upside of 40.56% from the stock’s previous close.

Several other brokerages also weighed in on KXS. Scotiabank lowered its price target on Kinaxis from C$213.00 to C$208.00 in a Thursday, March 3 report. Royal Bank of Canada reduced its target price on Kinaxis from CA$225.00 to CA$200.00 and set an “outperform” rating for the company in a Thursday, March 3 research note. CIBC cut its target price on Kinaxis from CA$215.00 to CA$180.00 and set an “outperform” rating for the company in a Thursday, March 3 research note. National Bankshares raised its target price on Kinaxis from CA$225.00 to CA$250.00 in a Tuesday, April 26 research note. Finally, Canaccord Genuity Group reduced its target price on Kinaxis from CA$225.00 to CA$200.00 in a Thursday, March 3 research note. Nine research analysts rated the stock with a buy rating. According to data from MarketBeat.com, Kinaxis has a consensus rating of “Buy” and an average price target of C$211.38.

KXS traded at C$6.77 during Monday trading hours, reaching C$131.62. The stock recorded trading volume of 57,778 shares, compared to an average trading volume of 74,324 shares. The company’s 50-day simple moving average is C$153.97 and its 200-day simple moving average is C$168.98. Kinaxis has a 1-year low of C$127.24 and a 1-year high of C$229.98. The stock has a market cap of C$3.63 billion and a PE ratio of -2,396.36. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt ratio of 17.36.

Kinax (EAST: KXS – Get a rating) last reported quarterly earnings data on Tuesday, March 1. The company reported earnings per share of C$0.20 for the quarter, missing the consensus estimate of C$0.21 by C$0.01. The company posted revenue of C$86.37 million in the quarter, compared to a consensus estimate of C$85.85 million. As a group, equity analysts expect Kinaxis to post EPS of 1.89 for the current year.

About Kinaxis (Get a rating)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in USA, Japan, Hong Kong, Netherlands, South Korea, UK, Singapore , France, Ireland, Germany, India and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform that provides advanced planning, sales and operations planning, supply and demand planning, inventory management and command and control center.

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