Kinaxis Inc (KXS) PT Raised to C$75.00
Kinaxis Inc (TSE:KXS) had its target price raised by stock analysts at Laurentian from C$70.00 to C$75.00 in a report released on Monday. Laurentian’s price target suggests a potential upside of 12.40% from the stock’s current price.
A number of other brokerages also recently issued reports on KXS. CIBC increased their price target on shares of Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Royal Bank Of Canada increased their price target on shares of Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Scotiabank increased their price target on shares of Kinaxis from C$53.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th. Canaccord Genuity increased their price target on shares of Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Kinaxis in a report on Monday, September 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$68.73.
Kinaxis (TSE:KXS) traded down 1.01% during midday trading on Monday, reaching $65.50. 29,885 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $63.77 and a 200-day moving average of $54.06. Kinaxis has a 12 month low of $32.60 and a 12 month high of $69.85. The stock has a market cap of $1.62 billion and a PE ratio of 142.08.
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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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