Kinaxis Inc (TSE:KXS) had its price target raised by Laurentian Bank of Canada from C$70.00 to C$75.00 in a note issued to investors on Monday, StockTargetPrices.com reports. Laurentian Bank of Canada’s target price would suggest a potential upside of 12.40% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada upped 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 note on Wednesday, August 3rd. Scotiabank upped their price target on shares of Kinaxis from C$53.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Friday, August 5th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinaxis in a research note on Monday, September 26th. RBC Capital Markets upped their price target on shares of Kinaxis from C$72.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, CIBC upped their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$68.73.
Shares of Kinaxis (TSE:KXS) traded down 1.01% during mid-day trading on Monday, reaching $65.50. The company’s stock had a trading volume of 29,885 shares. The stock has a market capitalization of $1.62 billion and a P/E ratio of 142.08. The company has a 50 day moving average price of $63.77 and a 200 day moving average price of $54.06. Kinaxis has a 12 month low of $32.60 and a 12 month high of $69.85.
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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