Kinaxis Inc. (TSE:KXS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$219.00.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of 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. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. Scotiabank lowered their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. TD Securities upgraded Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, National Bank Financial set a C$240.00 target price on Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$125.12 on Friday. Kinaxis has a twelve month low of C$119.83 and a twelve month high of C$212.45. The stock’s 50 day moving average is C$160.00 and its 200-day moving average is C$175.86. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 104.27, a PEG ratio of 3.60 and a beta of 0.68.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. The business had revenue of C$187.41 million during the quarter. Sell-side analysts forecast that Kinaxis will post 4.2526231 EPS for the current fiscal 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.