Kinaxis Inc (TSE:KXS) Given Consensus Rating of “Buy” by Brokerages
Shares of Kinaxis Inc (TSE:KXS) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$64.39.
A number of brokerages have recently commented on KXS. CIBC increased their price objective on Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. BMO Capital Markets increased their price objective on Kinaxis from C$55.00 to C$70.00 and gave the company an “outperform” rating in a research report on Saturday, August 6th. Scotiabank increased their target price 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 increased their target price on Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. Finally, RBC Capital Markets increased their target price on Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th.
Shares of Kinaxis (TSE:KXS) traded down 0.21% on Tuesday, hitting $66.43. The company’s stock had a trading volume of 29,105 shares. The stock’s 50 day moving average price is $62.31 and its 200 day moving average price is $52.61. The stock has a market capitalization of $1.64 billion and a P/E ratio of 144.10. Kinaxis has a 52 week low of $32.60 and a 52 week high of $67.91.
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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