Kinaxis Inc (TSE:KXS) – National Bank Financial boosted their FY2017 earnings estimates for shares of Kinaxis in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Tse now forecasts that the firm will post earnings per share of $1.41 for the year, up from their previous forecast of $1.40. National Bank Financial currently has a “Outperform Overweight” rating on the stock.
A number of other analysts also recently weighed in on KXS. Scotiabank reissued an “outperform” rating and set a C$53.00 price target on shares of Kinaxis in a research report on Friday, June 17th. Royal Bank Of Canada raised their price target on shares of Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. BMO Capital Markets raised their price target on shares of Kinaxis from C$55.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Saturday, August 6th. Canaccord Genuity raised their price target on shares of Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a research report on Saturday, August 6th. Finally, CIBC raised their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$65.35.
Shares of Kinaxis (TSE:KXS) traded up 4.55% during trading on Friday, reaching $66.22. 51,520 shares of the company’s stock were exchanged. Kinaxis has a 52 week low of $32.60 and a 52 week high of $69.85. The company’s 50-day moving average is $63.65 and its 200 day moving average is $53.86. The stock has a market capitalization of $1.63 billion and a PE ratio of 143.64.
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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