CIBC upgraded shares of Kinaxis Inc (TSE:KXS) from a neutral rating to an outperform rating in a report issued on Friday.

Other analysts also recently issued research reports about the stock. Eight Capital decreased their price objective on shares of Kinaxis from C$100.00 to C$90.00 and set a buy rating for the company in a research note on Wednesday, August 9th. National Bank Financial decreased their price objective on shares of Kinaxis from C$100.00 to C$90.00 and set an outperform rating for the company in a research note on Wednesday, August 9th. Laurentian decreased 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 note on Wednesday, August 9th. Scotiabank decreased their price objective 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 Wednesday, August 9th. Finally, TD Securities decreased their price target 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 Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kinaxis has an average rating of Buy and a consensus target price of C$89.10.

Kinaxis (TSE:KXS) opened at C$72.51 on Friday. Kinaxis has a 12-month low of C$56.47 and a 12-month high of C$91.98.

TRADEMARK VIOLATION NOTICE: “Kinaxis Inc (KXS) Upgraded at CIBC” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/kinaxis-inc-kxs-upgraded-at-cibc/1681793.html.

In related news, Director Douglas Proctor Colbeth sold 13,700 shares of the business’s stock in a transaction that occurred on 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. Insiders sold 50,000 shares of company stock valued at $3,761,224 in the last three months.

Kinaxis Company Profile

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.

Analyst Recommendations for Kinaxis (TSE:KXS)

Receive News & Ratings for Kinaxis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.