Kinaxis Inc (TSE:KXS)‘s stock had its “sector perform” rating restated by equities researchers at Scotiabank in a research note issued on Friday. They presently have a C$63.00 target price on the stock. Scotiabank’s price target points to a potential downside of 4.79% from the stock’s current price.

A number of other research firms have also recently commented on KXS. National Bank Financial reissued an “outperform overweight” rating on shares of Kinaxis in a report on Monday, September 26th. RBC Capital Markets raised their price objective on Kinaxis from C$72.00 to C$82.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on Kinaxis from C$72.00 to C$82.00 and gave the company an “outperform” rating in a research report on Friday. CIBC raised their price objective on Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. Finally, BMO Capital Markets raised 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$65.35.

Analyst Recommendations for Kinaxis (TSE:KXS)

Kinaxis (TSE:KXS) traded up 4.47% during midday trading on Friday, hitting $66.17. The stock had a trading volume of 59,204 shares. The company has a market capitalization of $1.63 billion and a PE ratio of 143.54. The stock’s 50-day moving average is $63.65 and its 200-day moving average is $53.86. Kinaxis has a 1-year low of $32.60 and a 1-year high of $69.85.

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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