Kinaxis Inc (KXS) Receives Sector Perform Rating from Scotiabank
A number of other brokerages have also recently commented on KXS. CIBC increased their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research 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. BMO Capital Markets restated an outperform rating and issued a C$74.00 target price on shares of Kinaxis in a report on Monday, October 17th. 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. Finally, National Bank Financial restated an outperform overweight rating on shares of Kinaxis in a report on Monday, September 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$70.30.
Shares of Kinaxis (TSE:KXS) opened at 63.68 on Friday. The company has a market cap of $1.58 billion and a price-to-earnings ratio of 158.80. 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 $65.37 and its 200-day moving average is $57.82.
In other news, Director John Ernest Sicard sold 5,100 shares of Kinaxis stock in a transaction dated Monday, November 7th. The stock was sold at an average price of C$67.00, for a total value of C$341,700.00.
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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