Kinaxis Inc (TSE:KXS) had its target price raised by RBC Capital Markets from C$72.00 to C$82.00 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.
A number of other analysts have also recently weighed in on the stock. Scotiabank reissued an outperform rating and issued a C$53.00 target price on shares of Kinaxis in a research note on Friday, June 17th. Royal Bank Of Canada upped their target price on shares of Kinaxis from C$72.00 to C$82.00 and gave the company an outperform rating in a research note on Friday. BMO Capital Markets upped their target price on shares of Kinaxis from C$55.00 to C$70.00 and gave the company an outperform rating in a research note on Saturday, August 6th. National Bank Financial reissued an outperform overweight rating on shares of Kinaxis in a research note on Monday, September 26th. Finally, Canaccord Genuity upped their target price on shares of Kinaxis from C$52.00 to C$70.00 and gave the company a buy rating 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 company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$65.35.
Shares of Kinaxis (TSE:KXS) traded up 0.36% during midday trading on Friday, reaching $66.41. The company had a trading volume of 15,195 shares. Kinaxis has a 12 month low of $32.60 and a 12 month high of $69.85. The company has a market capitalization of $1.64 billion and a P/E ratio of 144.06. The firm’s 50 day moving average price is $63.77 and its 200-day moving average price is $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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