Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price shot up 0.4% during mid-day trading on Wednesday . The stock traded as high as $111.43 and last traded at $111.43. 225 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 754 shares. The stock had previously closed at $111.03.
Several research firms have recently issued reports on KXSCF. Royal Bank of Canada decreased their price target on Kinaxis from $260.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, March 5th. Stifel Nicolaus raised Kinaxis from a “hold” rating to a “buy” rating in a research note on Friday, March 5th. BMO Capital Markets decreased their target price on Kinaxis from $250.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, March 5th. Scotiabank upped their target price on Kinaxis from $179.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 6th. Finally, TD Securities increased their price objective on Kinaxis from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $195.50.
The business’s fifty day moving average is $119.75.
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, a cloud-based software-as-a-service platform empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste, as well as provides demand planning, supply planning, inventory management, sales and operations planning, and command and control center services.
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