Kinaxis Inc (KXS) Price Target Raised to C$82.00
A number of other brokerages have also recently weighed in on KXS. National Bank Financial restated an outperform overweight rating on shares of Kinaxis in a research note on Monday, September 26th. Royal Bank Of Canada upped their price objective on Kinaxis from C$72.00 to C$82.00 and gave the stock an outperform rating in a research note on Friday, October 14th. CIBC upped their price objective on Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. BMO Capital Markets upped their price objective on Kinaxis from C$55.00 to C$70.00 and gave the stock an outperform rating in a research note on Saturday, August 6th. Finally, Canaccord Genuity upped their price objective on Kinaxis from C$52.00 to C$70.00 and gave the stock a buy rating in a research note on Saturday, August 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of C$68.73.
Kinaxis (TSE:KXS) opened at 67.00 on Friday. Kinaxis has a 52 week low of $32.60 and a 52 week high of $69.85. The company has a market capitalization of $1.65 billion and a P/E ratio of 145.34. The company’s 50 day moving average price is $64.04 and its 200-day moving average price is $54.59.
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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