Shares of Kinaxis Inc (TSE:KXS) have been assigned a consensus rating of “Buy” from the twelve analysts that are currently covering the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$71.27.
Several research firms have issued reports on KXS. CIBC cut their price target on shares of Kinaxis from C$75.00 to C$72.00 in a research report on Friday, November 4th. TD Securities reiterated a “buy” rating and set a C$81.00 target price on shares of Kinaxis in a report on Friday, December 16th. Royal Bank Of Canada increased their target price on shares of Kinaxis from C$72.00 to C$82.00 and gave the stock an “outperform” rating in a report on Friday, October 14th. Scotiabank reiterated a “sector perform” rating and set a C$63.00 target price on shares of Kinaxis in a report on Friday, November 4th. Finally, Laurentian increased their target price on shares of Kinaxis from C$70.00 to C$75.00 in a report on Monday, October 17th.
Kinaxis (TSE:KXS) traded up 2.82% during trading on Friday, reaching $65.30. The company’s stock had a trading volume of 46,683 shares. The firm has a market cap of $1.62 billion and a PE ratio of 162.84. The company has a 50-day moving average of $61.16 and a 200 day moving average of $60.75. Kinaxis has a one year low of $32.60 and a one year high of $69.85.
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In related news, Director John Ernest Sicard sold 5,100 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$67.00, for a total value of C$341,700.00.
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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