Brokerages Set Kinaxis Inc (TSE:KXS) Price Target at $84.67

Kinaxis Inc (TSE:KXS) has received an average recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$83.70.

Several analysts recently commented on the company. Eight Capital reaffirmed a “buy” rating and issued a C$91.00 price objective on shares of Kinaxis in a report on Tuesday, April 25th. 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. TD Securities reissued a “buy” rating and set a C$81.00 price target on shares of Kinaxis in a report on Monday, May 1st. National Bank Financial lowered their price objective on Kinaxis from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on Kinaxis from C$82.00 to C$100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd.

Shares of Kinaxis (TSE KXS) opened at 64.73 on Monday. The firm has a market capitalization of $1.64 billion and a P/E ratio of 131.57. The company has a 50 day moving average of $79.98 and a 200-day moving average of $78.23. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98.

In other Kinaxis news, insider David Peter Kelly sold 12,500 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of C$88.39, for a total transaction of C$1,104,875.00. Also, insider Sarah Mayme Sedgman sold 385 shares of the company’s stock in a transaction 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. In the last ninety days, insiders have sold 62,452 shares of company stock worth $5,497,274.

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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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