Kinaxis Inc (TSE:KXS) had its price objective hoisted by RBC Capital Markets from C$72.00 to C$82.00 in a report published on Friday morning. The firm currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. CIBC lifted their price target on Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. Canaccord Genuity raised their target price on shares of Kinaxis from C$52.00 to C$70.00 and gave the stock a buy rating in a report on Saturday, August 6th. Royal Bank Of Canada raised their target price on shares of Kinaxis from C$52.00 to C$68.00 and gave the stock an outperform rating in a report on Wednesday, August 3rd. Scotiabank reissued an outperform rating and issued a C$53.00 target price on shares of Kinaxis in a report on Friday, June 17th. Finally, BMO Capital Markets raised their target price on shares of Kinaxis from C$55.00 to C$70.00 and gave the stock an outperform rating in a report on Saturday, August 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$65.35.

Kinaxis (TSE:KXS) traded up 0.36% during midday trading on Friday, hitting $66.41. The company had a trading volume of 15,195 shares. The stock has a market cap of $1.64 billion and a price-to-earnings ratio of 144.06. Kinaxis has a 12-month low of $32.60 and a 12-month high of $69.85. The company’s 50 day moving average is $63.77 and its 200 day moving average is $54.06.

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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