Kinaxis Inc (KXS) Price Target Increased to C$75.00 by Analysts at Laurentian
Kinaxis Inc (TSE:KXS) had its price target hoisted by Laurentian from C$70.00 to C$75.00 in a note issued to investors on Monday. Laurentian’s price objective would suggest a potential upside of 12.40% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. RBC Capital Markets raised their price objective on Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. CIBC lifted their price target on Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Canaccord Genuity lifted their price target on Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a report on Saturday, August 6th. Royal Bank Of Canada lifted their price target on Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, BMO Capital Markets lifted their price target on Kinaxis from C$55.00 to C$70.00 and gave the stock an “outperform” rating in a report on Saturday, August 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$68.73.
Kinaxis (TSE:KXS) traded down 1.24% during trading on Monday, reaching $65.35. The company’s stock had a trading volume of 38,139 shares. The firm’s 50-day moving average is $63.77 and its 200-day moving average is $54.06. Kinaxis has a 52-week low of $32.60 and a 52-week high of $69.85. The stock has a market cap of $1.61 billion and a P/E ratio of 141.76.
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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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