Kinaxis Inc. (TSE:KXS) Receives Average Recommendation of “Buy” from Analysts

Kinaxis Inc. (TSE:KXS) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$219.00.

A number of research firms recently weighed in on KXS. National Bank Financial set a C$240.00 price objective on Kinaxis and gave the company an “outperform” rating in a report on Thursday, October 23rd. Royal Bank Of Canada lowered their price objective on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Finally, Scotiabank dropped 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.

Kinaxis Price Performance

Shares of TSE KXS opened at C$123.37 on Friday. The company has a fifty day moving average price of C$154.76 and a 200 day moving average price of C$173.02. The firm has a market cap of C$3.41 billion, a PE ratio of 102.81, a PEG ratio of 3.60 and a beta of 0.68. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. Kinaxis has a 1-year low of C$119.83 and a 1-year high of C$212.45.

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.