Kinaxis Inc (KXS) Given “Outperform” Rating at BMO Capital Markets
BMO Capital Markets reissued their outperform rating on shares of Kinaxis Inc (TSE:KXS) in a research report sent to investors on Monday morning. BMO Capital Markets currently has a C$74.00 price objective on the stock.
KXS has been the subject of a number of other reports. CIBC lifted their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. Royal Bank Of Canada lifted 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 lifted 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. Canaccord Genuity lifted 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 note on Saturday, August 6th. Finally, National Bank Financial reaffirmed an outperform overweight rating on shares of Kinaxis in a research note on Monday, September 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$68.73.
Kinaxis (TSE:KXS) opened at 65.42 on Monday. Kinaxis has a 52 week low of $32.60 and a 52 week high of $69.85. The firm’s 50 day moving average is $63.88 and its 200-day moving average is $54.43. The company has a market cap of $1.61 billion and a P/E ratio of 141.91.
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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