Kinaxis (TSE:KXS) PT Raised to C$95.00 at CIBC
Kinaxis (TSE:KXS) had its price target raised by equities researchers at CIBC from C$89.00 to C$95.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 14.57% from the stock’s current price.
A number of other analysts have also weighed in on the company. Canaccord Genuity upped their price objective on Kinaxis from C$90.00 to C$92.00 in a research report on Friday, August 2nd. BMO Capital Markets boosted their target price on shares of Kinaxis from C$91.00 to C$95.00 in a research note on Tuesday, August 6th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$94.43.
Shares of Kinaxis stock traded up C$0.12 during trading hours on Monday, reaching C$82.92. 33,177 shares of the company were exchanged, compared to its average volume of 88,952. Kinaxis has a 1 year low of C$60.01 and a 1 year high of C$99.00. The stock’s fifty day moving average is C$80.03 and its 200 day moving average is C$78.80. The company has a debt-to-equity ratio of 5.46, a quick ratio of 2.88 and a current ratio of 2.97. The firm has a market cap of $2.17 billion and a PE ratio of 133.92.
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.
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