Kinaxis Inc (KXS) Receives Average Recommendation of “Buy” from Brokerages
Kinaxis Inc (TSE:KXS) has received a consensus rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$84.67.
Several research firms recently commented on KXS. TD Securities increased their price objective on Kinaxis from C$81.00 to C$98.00 and gave the company a “buy” rating in a research report on Sunday, May 7th. Scotiabank increased their price objective on Kinaxis from C$76.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Royal Bank Of Canada increased their price objective on Kinaxis from C$82.00 to C$100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Eight Capital reaffirmed a “buy” rating and set a C$91.00 price objective on shares of Kinaxis in a research report on Tuesday, April 25th. Finally, CIBC increased their price objective on Kinaxis from C$72.00 to C$82.00 in a research report on Friday, March 3rd.
In other Kinaxis news, insider Vasile Gelu Ticala sold 4,375 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of C$85.57, for a total value of C$374,368.75. Also, insider John Randall Erwin sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of C$85.88, for a total value of C$249,052.00. Insiders sold 120,227 shares of company stock worth $10,457,758 over the last three months.
Kinaxis (TSE:KXS) traded down 3.37% during midday trading on Tuesday, hitting $82.39. The stock had a trading volume of 80,404 shares. The firm has a market cap of $2.08 billion and a price-to-earnings ratio of 205.46. The firm has a 50 day moving average of $86.43 and a 200 day moving average of $73.78. Kinaxis has a 52 week low of $49.25 and a 52 week high of $91.98.
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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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