Brokerages Set Kinaxis Inc (KXS) Target Price at $70.30
Kinaxis Inc (TSE:KXS) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$70.30.
Several research analysts have commented on KXS shares. Scotiabank reiterated a “sector perform” rating and issued a C$63.00 target price on shares of Kinaxis in a report on Friday, November 4th. CIBC decreased their target price on shares of Kinaxis from C$75.00 to C$72.00 in a report on Friday, November 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$82.00 target price on shares of Kinaxis in a report on Monday, October 31st. Laurentian Bank of Canada raised their target price on shares of Kinaxis from C$70.00 to C$75.00 in a report on Monday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$74.00 target price on shares of Kinaxis in a report on Monday, October 17th.
Kinaxis (TSE:KXS) opened at 68.45 on Tuesday. The company’s 50-day moving average is $65.40 and its 200 day moving average is $56.96. The firm has a market cap of $1.70 billion and a price-to-earnings ratio of 170.70. Kinaxis has a 12 month low of $32.60 and a 12 month high of $69.85.
In related news, Director John Ernest Sicard sold 5,100 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of C$67.00, for a total transaction of C$341,700.00.
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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