Kinaxis Inc. (TSE:KXS) Receives C$219.00 Consensus Target Price from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$219.00.

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

Kinaxis Stock Down 1.1%

Shares of TSE:KXS opened at C$123.77 on Friday. The stock has a market cap of C$3.42 billion, a P/E ratio of 103.14, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The firm has a fifty day moving average price of C$158.95 and a 200 day moving average price of C$174.86. Kinaxis has a 1-year low of C$119.83 and a 1-year high of C$212.45.

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.