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

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

A number of brokerages have weighed in on KXS. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Scotiabank reduced their price objective on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. TD Securities upgraded shares of Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada dropped their target price on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Finally, National Bank Financial set a C$240.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd.

Kinaxis Price Performance

Shares of TSE KXS opened at C$125.12 on Friday. The company has a market capitalization of C$3.45 billion, a PE ratio of 104.27, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. Kinaxis has a twelve month low of C$119.83 and a twelve month high of C$212.45. The firm has a fifty day simple moving average of C$160.00 and a 200 day simple moving average of C$175.86.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The firm had revenue of C$187.41 million during the quarter. On average, sell-side analysts forecast 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.