Kinaxis (TSE:KXS) Hits New 12-Month Low – Should You Sell?

Kinaxis Inc. (TSE:KXS) shares hit a new 52-week low during trading on Monday . The company traded as low as C$119.42 and last traded at C$120.01, with a volume of 13210 shares trading hands. The stock had previously closed at C$124.20.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Securities raised Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. Scotiabank cut their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Finally, Royal Bank Of Canada decreased their target price on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$219.00.

Kinaxis Price Performance

The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The stock has a market cap of C$3.29 billion, a price-to-earnings ratio of 99.18, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a 50 day simple moving average of C$153.81 and a 200-day simple moving average of C$172.07.

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.