Kinaxis’ (KXS) Outperform Rating Reaffirmed at BMO Capital Markets
Kinaxis Inc (TSE:KXS)‘s stock had its “outperform” rating reiterated by analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a C$74.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 10.90% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Royal Bank Of Canada lifted their price target on Kinaxis from C$52.00 to C$68.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Scotiabank lifted their price target on Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a report on Friday, August 5th. Canaccord Genuity lifted their price target on Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating 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. Finally, RBC Capital Markets lifted their price target on Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$68.73.
Shares of Kinaxis (TSE:KXS) traded down 1.24% during midday trading on Monday, hitting $65.35. The company had a trading volume of 38,139 shares. The company’s 50 day moving average is $63.77 and its 200 day moving average is $54.06. Kinaxis has a one year low of $32.60 and a one year high of $69.85. The firm has a market cap of $1.61 billion and a price-to-earnings ratio of 141.76.
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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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