Royal Bank Of Canada Raises Kinaxis Inc (KXS) Price Target to C$82.00
Kinaxis Inc (TSE:KXS) had its price target lifted by Royal Bank Of Canada from C$72.00 to C$82.00 in a report released on Friday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 29.46% from the company’s previous close.
Other analysts also recently issued research reports about the stock. RBC Capital Markets increased their price objective on shares of Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. CIBC increased their price objective on shares of Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Canaccord Genuity increased their price objective on shares of Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. BMO Capital Markets increased their price objective on shares of Kinaxis from C$55.00 to C$70.00 and gave the company an “outperform” rating in a report on Saturday, August 6th. Finally, Scotiabank restated an “outperform” rating and set a C$53.00 price target on shares of Kinaxis in a report on Friday, June 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Kinaxis currently has an average rating of “Buy” and a consensus target price of C$64.35.
Kinaxis (TSE:KXS) traded up 4.94% during trading on Friday, reaching $66.47. The company’s stock had a trading volume of 29,120 shares. Kinaxis has a 52-week low of $32.60 and a 52-week high of $69.85. The stock has a 50-day moving average price of $63.65 and a 200 day moving average price of $53.86. The company has a market cap of $1.64 billion and a PE ratio of 144.19.
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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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