Kinaxis Inc (TSE:KXS) – Equities research analysts at National Bank Financial increased their FY2017 earnings estimates for Kinaxis in a research report issued to clients and investors on Tuesday. National Bank Financial analyst R. Tse now anticipates that the company will earn $1.27 per share for the year, up from their previous forecast of $1.24. National Bank Financial has a “Outperform” rating and a $90.00 price target on the stock.
Several other research firms have also weighed in on KXS. TD Securities boosted their price target on Kinaxis from C$81.00 to C$98.00 and gave the stock a “buy” rating in a research report on Sunday, May 7th. Scotiabank boosted their price target on Kinaxis from C$76.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. Royal Bank Of Canada boosted their price target on Kinaxis from C$82.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Eight Capital lowered their price target on Kinaxis from C$100.00 to C$90.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Laurentian lowered their price target on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Kinaxis has an average rating of “Buy” and a consensus target price of C$83.70.
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Shares of Kinaxis (TSE:KXS) opened at 65.79 on Friday. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98. The company has a market cap of $1.66 billion and a PE ratio of 164.06. The firm’s 50-day moving average price is $79.38 and its 200-day moving average price is $78.23.
In related news, Director John Ernest Sicard sold 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$86.00, for a total transaction of C$464,400.00. Also, insider Sarah Mayme Sedgman sold 385 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of C$90.00, for a total value of C$34,650.00. Insiders have sold a total of 62,452 shares of company stock worth $5,497,274 in the last ninety days.
Kinaxis Company Profile
Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, and capacity planning.
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