Kinaxis’ (KXS) Outperform Rating Reiterated at BMO Capital Markets
Kinaxis Inc (TSE:KXS)‘s stock had its “outperform” rating reiterated by stock analysts at BMO Capital Markets in a research note issued to investors on Monday. They presently have a C$74.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 10.90% from the company’s current price.
Several other research analysts have also commented on KXS. Laurentian lifted their target price on Kinaxis from C$70.00 to C$75.00 in a research report on Monday. Canaccord Genuity lifted their target price on Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a research report on Saturday, August 6th. RBC Capital Markets lifted their target price on Kinaxis from C$68.00 to C$72.00 in a research report on Saturday, August 6th. CIBC lifted their target price on Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Kinaxis in a research report on Monday, September 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kinaxis currently has an average rating of “Buy” and a consensus target price of C$68.73.
Kinaxis (TSE:KXS) traded down 1.35% on Monday, reaching $65.28. The company’s stock had a trading volume of 37,839 shares. The firm has a market capitalization of $1.61 billion and a P/E ratio of 141.61. The firm has a 50-day moving average price of $63.77 and a 200 day moving average price of $54.06. Kinaxis has a 52-week low of $32.60 and a 52-week high of $69.85.
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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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