Kinaxis Inc (KXS) Given Consensus Recommendation of “Buy” by Brokerages

Kinaxis Inc (TSE:KXS) has received an average rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$90.10.

KXS has been the topic of several research analyst reports. Eight Capital raised their target price on shares of Kinaxis from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. TD Securities dropped their target price on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Laurentian lowered their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. Canaccord Genuity lifted their price objective on shares of Kinaxis from C$75.00 to C$100.00 and gave the company a “hold” rating in a report on Thursday, August 17th. Finally, Laurentian Bank of Canada lowered their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a report on Thursday, August 17th.

Kinaxis (TSE:KXS) traded down 1.45% on Wednesday, reaching $63.40. 83,076 shares of the company’s stock traded hands. Kinaxis has a 52-week low of $56.47 and a 52-week high of $91.98. The stock’s 50 day moving average is $71.65 and its 200 day moving average is $78.08. The firm has a market cap of $1.61 billion and a price-to-earnings ratio of 128.86.

In other news, Director Douglas Proctor Colbeth sold 20,600 shares of Kinaxis stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$74.11, for a total value of C$1,526,666.00. Insiders sold 50,000 shares of company stock worth $3,761,224 over the last quarter.

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About Kinaxis

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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