Kinaxis Inc (KXS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Kinaxis Inc (TSE:KXS) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$90.50.

Several analysts recently commented on the stock. TD Securities cut their price objective on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Canaccord Genuity downgraded shares of Kinaxis from a “buy” rating to a “hold” rating and cut their price objective for the company from C$100.00 to C$75.00 in a research report on Wednesday, August 9th. Laurentian cut their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a research report on Wednesday, August 9th. CIBC downgraded shares of Kinaxis from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$100.00 to C$82.00 in a research report on Wednesday, August 9th. Finally, Eight Capital increased their price objective on shares of Kinaxis from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, August 17th.

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Kinaxis (TSE KXS) traded up 2.69% on Tuesday, reaching $77.49. 167,900 shares of the company traded hands. The stock’s 50 day moving average price is $73.61 and its 200 day moving average price is $78.65. Kinaxis has a one year low of $56.47 and a one year high of $91.98. The company has a market capitalization of $1.97 billion and a PE ratio of 157.50.

About Kinaxis

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.

Analyst Recommendations for Kinaxis (TSE:KXS)

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