Kinaxis Inc (TSE:KXS) had its price objective reduced by Eight Capital from C$100.00 to C$90.00 in a research report sent to investors on Wednesday, August 9th. They currently have a buy rating on the stock.
A number of other research analysts have also recently issued reports on the company. Laurentian cut their price target on Kinaxis from C$96.00 to C$83.00 and set a hold rating for the company in a report on Wednesday, August 9th. TD Securities cut their price target on Kinaxis from C$98.00 to C$93.00 and set a buy rating for the company in a report on Wednesday, August 9th. Scotiabank cut their price target on Kinaxis from C$87.00 to C$82.00 and set a sector perform rating for the company in a report on Wednesday, August 9th. National Bank Financial cut their price target on Kinaxis from C$100.00 to C$90.00 and set an outperform rating for the company in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada lifted their price target on Kinaxis from C$82.00 to C$100.00 and gave the company an outperform rating in a report on Tuesday, May 2nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$90.50.
Shares of Kinaxis (KXS) traded up 0.14% during mid-day trading on Wednesday, hitting $70.22. 76,288 shares of the stock traded hands. Kinaxis has a 12-month low of $56.47 and a 12-month high of $91.98. The stock has a market cap of $1.78 billion and a P/E ratio of 142.72. The firm’s 50 day moving average price is $77.31 and its 200-day moving average price is $78.36.
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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