Kinaxis Inc (TSE:KXS) had its price objective raised by Royal Bank Of Canada from C$72.00 to C$82.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.46% from the stock’s current price.

Several other analysts have also commented on the stock. Scotiabank lifted their price target on shares of Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Friday, August 5th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinaxis in a research report on Monday, September 26th. RBC Capital Markets lifted their price target on shares of Kinaxis from C$68.00 to C$72.00 in a research report on Saturday, August 6th. CIBC lifted their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. Finally, BMO Capital Markets lifted their price target on shares of 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Kinaxis presently has a consensus rating of “Buy” and an average price target of C$64.35.

Analyst Recommendations for Kinaxis (TSE:KXS)

Shares of Kinaxis (TSE:KXS) traded up 3.43% during mid-day trading on Friday, reaching $65.51. The company’s stock had a trading volume of 11,953 shares. The stock has a 50 day moving average of $63.65 and a 200-day moving average of $53.86. Kinaxis has a one year low of $32.60 and a one year high of $69.85. The stock has a market cap of $1.62 billion and a P/E ratio of 142.10.

About Kinaxis

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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