Royal Bank Of Canada restated their outperform rating on shares of Kinaxis Inc (TSE:KXS) in a research report sent to investors on Friday morning. The firm currently has a C$82.00 target price on the stock.

A number of other analysts have also commented on the company. Scotiabank raised their price target on Kinaxis from C$53.00 to C$63.00 and gave the stock 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. BMO Capital Markets reaffirmed an outperform rating and issued a C$74.00 price target on shares of Kinaxis in a research note on Monday, October 17th. Laurentian Bank of Canada raised their price target on Kinaxis from C$70.00 to C$75.00 in a research note on Monday, October 17th. Finally, CIBC dropped their price target on Kinaxis from C$75.00 to C$72.00 in a research note on Friday, November 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Kinaxis has a consensus rating of Buy and a consensus target price of C$70.30.

Shares of Kinaxis (TSE:KXS) opened at 63.68 on Friday. Kinaxis has a 1-year low of $32.60 and a 1-year high of $69.85. The stock has a 50 day moving average of $65.37 and a 200 day moving average of $57.82. The company has a market cap of $1.58 billion and a price-to-earnings ratio of 158.80.

In other news, Director John Ernest Sicard sold 5,100 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was 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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