Kinaxis Inc (KXS) Price Target Raised to C$75.00 at Laurentian
A number of other research firms also recently commented on KXS. Royal Bank Of Canada upped their price objective on shares of Kinaxis from C$52.00 to C$68.00 and gave the company an outperform rating in a research note on Wednesday, August 3rd. Scotiabank upped their price objective on shares of Kinaxis from C$53.00 to C$63.00 and gave the company a sector perform rating in a research note on Friday, August 5th. National Bank Financial reaffirmed an outperform overweight rating on shares of Kinaxis in a research note on Monday, September 26th. RBC Capital Markets upped their price objective on shares of Kinaxis from C$72.00 to C$82.00 and gave the company an outperform rating in a research note on Friday. Finally, CIBC increased their target price on shares of Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$68.73.
Kinaxis (TSE:KXS) opened at 65.42 on Monday. Kinaxis has a 52 week low of $32.60 and a 52 week high of $69.85. The firm’s 50-day moving average is $63.88 and its 200 day moving average is $54.43. The stock has a market cap of $1.61 billion and a price-to-earnings ratio of 141.91.
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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