Kinaxis Inc (TSE:KXS) – National Bank Financial increased their FY2017 earnings estimates for shares of Kinaxis in a report released on Wednesday. National Bank Financial analyst R. Tse now expects that the firm will post earnings of $1.41 per share for the year, up from their previous estimate of $1.40. National Bank Financial currently has a “Outperform Overweight” rating on the stock.
KXS has been the topic of a number of other research reports. Scotiabank restated an “outperform” rating and set a C$53.00 price target on shares of Kinaxis in a research note on Friday, June 17th. Royal Bank Of Canada raised their price target on Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. BMO Capital Markets raised their price target on Kinaxis from C$55.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Saturday, August 6th. Canaccord Genuity raised their price target on Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a research note on Saturday, August 6th. Finally, CIBC raised their price target on Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Kinaxis has an average rating of “Buy” and a consensus target price of C$65.35.
Kinaxis (TSE:KXS) traded up 4.47% during mid-day trading on Friday, hitting $66.17. The stock had a trading volume of 59,204 shares. The firm has a market cap of $1.63 billion and a P/E ratio of 143.54. Kinaxis has a 12-month low of $32.60 and a 12-month high of $69.85. The stock has a 50-day moving average price of $63.77 and a 200 day moving average price of $54.06.
Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.
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