Kinaxis (TSE:KXS) Sets New 1-Year Low – Here’s Why

Kinaxis Inc. (TSE:KXS) reached a new 52-week low 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

A number of research firms have weighed in on KXS. Royal Bank Of Canada decreased their price objective on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Canadian Imperial Bank of Commerce raised Kinaxis from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. TD Securities upgraded Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Scotiabank cut their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Kinaxis currently has an average rating of “Buy” and a consensus target price of C$219.00.

Kinaxis Trading Down 4.2%

The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The stock has a market cap of C$3.29 billion, a P/E 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.