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Equities researchers at TD Securities began coverage on shares of Kinaxis (TSE:KXS) in a research report issued on Wednesday. The firm set a “buy” rating and a C$22.00 price target on the stock. TD Securities’ price target would suggest a potential upside of 37.59% from the stock’s previous close.

Kinaxis (TSE:KXS) traded down 0.59% during mid-day trading on Wednesday, hitting $16.90. The stock had a trading volume of 5,536 shares. Kinaxis has a one year low of $12.92 and a one year high of $17.35. The stock’s 50-day moving average is $15.31 and its 200-day moving average is $14.65. The company’s market cap is $398.6 million.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Kinaxis from C$18.00 to C$19.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Separately, analysts at Cormark initiated coverage on shares of Kinaxis in a research note on Friday, August 1st. They set a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$19.75.

Kinaxis Inc is a provider of cloud-based subscription software. The Company’s software enables its customers to improve and accelerate analysis and decision-making across their supply chain operations.

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