Kinaxis Inc (KXS) Given New C$75.00 Price Target at Laurentian Bank of Canada
Kinaxis Inc (TSE:KXS) had its price target hoisted by equities research analysts at Laurentian Bank of Canada from C$70.00 to C$75.00 in a research note issued on Monday, StockTargetPrices.com reports. Laurentian Bank of Canada’s price objective suggests a potential upside of 12.40% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of 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 shares of Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Friday, August 5th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinaxis in a research report on Monday, September 26th. RBC Capital Markets boosted 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 report on Friday. Finally, CIBC boosted their target price on shares of Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Kinaxis presently has a consensus rating of “Buy” and an average price target of C$68.73.
Shares of Kinaxis (TSE:KXS) traded down 1.01% during trading on Monday, hitting $65.50. 29,885 shares of the stock were exchanged. The firm’s 50-day moving average is $63.77 and its 200 day moving average is $54.06. Kinaxis has a 1-year low of $32.60 and a 1-year high of $69.85. The company has a market cap of $1.62 billion and a P/E ratio of 142.08.
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Kinaxis Company Profile
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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