Kinaxis Inc (KXS) Rating Increased to Outperform at CIBC
Kinaxis Inc (TSE:KXS) was upgraded by stock analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday.
KXS has been the subject of several other research reports. Eight Capital reduced their price objective on shares of Kinaxis from C$100.00 to C$90.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. National Bank Financial cut their target price on shares of Kinaxis from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. Laurentian decreased their target price on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research report on Wednesday, August 9th. Scotiabank decreased their price objective on shares of Kinaxis from C$87.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. Finally, TD Securities decreased their price objective on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$89.10.
Shares of Kinaxis (TSE KXS) traded up C$9.13 during mid-day trading on Friday, reaching C$72.41. The company’s stock had a trading volume of 191,930 shares.
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In other Kinaxis news, Director Douglas Proctor Colbeth sold 15,700 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$76.49, for a total transaction of C$1,200,893.00. Insiders have sold a total of 50,000 shares of company stock worth $3,761,224 in the last quarter.
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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