Kinaxis Inc (KXS) Receives Consensus Rating of “Buy” from Analysts
Kinaxis Inc (TSE:KXS) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$90.50.
Several equities research analysts have recently weighed in on the stock. TD Securities decreased their target price on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Scotiabank decreased their target price on shares of Kinaxis from C$87.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Thursday, August 17th. Royal Bank Of Canada increased their target price on shares of Kinaxis from C$85.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. National Bank Financial raised their price objective on shares of Kinaxis from C$90.00 to C$100.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Finally, Laurentian Bank of Canada reduced their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research report on Thursday, August 17th.
Kinaxis (TSE KXS) traded up 1.18% during trading on Friday, hitting $72.12. The company’s stock had a trading volume of 120,531 shares. The firm has a market cap of $1.83 billion and a PE ratio of 146.59. The company has a 50-day moving average of $73.10 and a 200 day moving average of $78.76. Kinaxis has a one year low of $56.47 and a one year high of $91.98.
In related news, Director Douglas Proctor Colbeth sold 13,700 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$75.45, for a total value of C$1,033,665.00. In the last 90 days, insiders sold 50,000 shares of company stock valued at $3,761,224.
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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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