Kinaxis Inc (TSE:KXS) PT Raised to C$90.00

Kinaxis Inc (TSE:KXS) had its price target raised by Royal Bank Of Canada from C$85.00 to C$90.00 in a research report issued on Friday, November 3rd. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 27.03% from the company’s current price.

A number of other research firms have also recently weighed in on KXS. TD Securities cut their price target on Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. BMO Capital Markets dropped their target price on Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. CIBC cut Kinaxis from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$100.00 to C$82.00 in a report on Wednesday, August 9th. Laurentian dropped their target price on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. Finally, Canaccord Genuity boosted their target price on Kinaxis from C$75.00 to C$100.00 and gave the stock a “hold” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kinaxis presently has a consensus rating of “Buy” and a consensus price target of C$89.10.

Shares of Kinaxis (TSE KXS) opened at C$70.85 on Friday. Kinaxis has a twelve month low of C$56.47 and a twelve month high of C$91.98.

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In other Kinaxis news, Director Douglas Proctor Colbeth sold 15,700 shares of Kinaxis stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$76.49, for a total value of C$1,200,893.00. In the last 90 days, insiders sold 50,100 shares of company stock worth $3,768,456.

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)

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