Scotiabank Reaffirms “Sector Perform” Rating for Kinaxis Inc (KXS)
Scotiabank reaffirmed their sector perform rating on shares of Kinaxis Inc (TSE:KXS) in a research report report published on Friday morning. The brokerage currently has a C$63.00 price objective on the stock.
Several other analysts also recently weighed in on the company. Royal Bank Of Canada raised their target price on Kinaxis from C$72.00 to C$82.00 and gave the company an outperform rating in a research note on Friday, October 14th. National Bank Financial restated an outperform overweight rating on shares of Kinaxis in a research note on Monday, September 26th. RBC Capital Markets raised their target price on Kinaxis from C$72.00 to C$82.00 and gave the company an outperform rating in a research note on Friday, October 14th. CIBC lifted their price target on Kinaxis from C$52.00 to C$75.00 in a research note 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 stock an outperform rating in a research note on Saturday, August 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Kinaxis currently has an average rating of Buy and a consensus target price of C$68.73.
Kinaxis (TSE:KXS) opened at 67.00 on Friday. The stock has a market capitalization of $1.65 billion and a P/E ratio of 145.34. Kinaxis has a 52 week low of $32.60 and a 52 week high of $69.85. The stock’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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