Kinaxis Inc (TSE:KXS)‘s stock had its “outperform” rating reiterated by equities research analysts at BMO Capital Markets in a report issued on Monday. They currently have a C$74.00 price target on the stock. BMO Capital Markets’ target price suggests a potential upside of 10.45% from the stock’s current price.
Several other research analysts have also recently issued reports on KXS. Royal Bank Of Canada upped their price objective on Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Scotiabank boosted their target price on Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a report on Friday, August 5th. Canaccord Genuity boosted their target price on Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. CIBC boosted their target price on Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Finally, RBC Capital Markets boosted their target price on Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Kinaxis presently has a consensus rating of “Buy” and an average price target of C$68.73.
Shares of Kinaxis (TSE:KXS) opened at 67.00 on Monday. The firm has a 50-day moving average price of $64.04 and a 200 day moving average price of $54.59. Kinaxis has a one year low of $32.60 and a one year high of $69.85. The firm has a market capitalization of $1.65 billion and a price-to-earnings ratio of 145.34.
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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