Kinaxis Inc (KXS) Receives Consensus Recommendation of “Buy” from Analysts
Kinaxis Inc (TSE:KXS) has earned an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$89.89.
Several equities research analysts have issued reports on the company. Scotiabank dropped their target price on Kinaxis from C$81.00 to C$78.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada increased their target price on Kinaxis from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating in a research report on Friday, November 3rd.
Kinaxis (TSE:KXS) traded up C$0.28 during trading hours on Monday, hitting C$78.56. The company’s stock had a trading volume of 55,482 shares, compared to its average volume of 51,998. The stock has a market capitalization of $2,000.00, a P/E ratio of 100.72 and a beta of 0.97. Kinaxis has a 12-month low of C$63.15 and a 12-month high of C$91.98.
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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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