Kinaxis Inc (TSE:KXS) had its price target lifted by equities research analysts at Laurentian from C$70.00 to C$75.00 in a report released on Monday. Laurentian’s price objective indicates a potential upside of 11.94% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. CIBC upped their price objective on shares of Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. BMO Capital Markets upped their price objective on shares of Kinaxis from C$55.00 to C$70.00 and gave the company an “outperform” rating in a report on Saturday, August 6th. Scotiabank upped their price objective on shares of Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a report on Friday, August 5th. Canaccord Genuity upped their price objective on shares of Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. Finally, RBC Capital Markets increased their price target on shares of Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Kinaxis currently has a consensus rating of “Buy” and an average target price of C$68.73.
Shares of Kinaxis (TSE:KXS) opened at 67.00 on Monday. The company’s 50 day moving average is $64.04 and its 200 day moving average is $54.59. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of 145.34. Kinaxis has a one year low of $32.60 and a one year high of $69.85.
Kinaxis Company Profile
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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