Kinaxis Inc (KXS) Given New C$100.00 Price Target at Canaccord Genuity
Kinaxis Inc (TSE:KXS) had its price target lifted by Canaccord Genuity from C$75.00 to C$100.00 in a research report report published on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a hold rating on the stock.
Several other research firms also recently issued reports on KXS. TD Securities lifted their price target on Kinaxis from C$81.00 to C$98.00 and gave the company a buy rating in a research note on Sunday, May 7th. Scotiabank lifted their price target on Kinaxis from C$76.00 to C$87.00 and gave the company a sector perform rating in a research note on Friday, May 5th. Royal Bank Of Canada lifted their price target on Kinaxis from C$82.00 to C$100.00 and gave the company an outperform rating in a research note on Tuesday, May 2nd. Eight Capital dropped their price target on Kinaxis from C$100.00 to C$90.00 and set a buy rating on the stock in a research note on Wednesday, August 9th. Finally, National Bank Financial dropped their price target on Kinaxis from C$100.00 to C$90.00 and set an outperform rating on the stock in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$90.50.
Kinaxis (TSE KXS) opened at 70.22 on Thursday. The firm has a market capitalization of $1.78 billion and a price-to-earnings ratio of 142.72. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98. The firm has a 50-day moving average price of $77.31 and a 200 day moving average price of $78.36.
In related news, insider Sarah Mayme Sedgman sold 385 shares of Kinaxis stock in a transaction dated Friday, June 9th. The stock was sold at an average price of C$90.00, for a total value of C$34,650.00. Also, Director Douglas Proctor Colbeth sold 16,567 shares of Kinaxis stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of C$89.50, for a total value of C$1,482,746.50. In the last ninety days, insiders sold 42,052 shares of company stock worth $3,731,324.
Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, and capacity planning.
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