Kinaxis Inc (TSE:KXS) had its target price raised by stock analysts at RBC Capital Markets from C$72.00 to C$82.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the stock. RBC Capital Markets’ target price suggests a potential upside of 29.46% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Kinaxis from C$72.00 to C$82.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial reissued an “outperform overweight” rating on shares of Kinaxis in a research note on Monday, September 26th. CIBC lifted their price target on Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Canaccord Genuity lifted their price target on Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. Finally, BMO Capital Markets lifted their price target on Kinaxis from C$55.00 to C$70.00 and gave the company an “outperform” rating in a report on Saturday, August 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Kinaxis presently has an average rating of “Buy” and an average price target of C$65.35.
Shares of Kinaxis (TSE:KXS) traded up 4.61% during mid-day trading on Friday, hitting $66.26. 39,348 shares of the stock traded hands. The stock has a 50 day moving average price of $63.65 and a 200-day moving average price of $53.86. The company has a market cap of $1.64 billion and a P/E ratio of 143.73. Kinaxis has a one year low of $32.60 and a one year 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.
Receive News & Ratings for Kinaxis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis Inc and related companies with MarketBeat.com's FREE daily email newsletter.