Kinaxis Inc (KXS) Receives Average Recommendation of “Buy” from Brokerages

Kinaxis Inc (TSE:KXS) has been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$103.25.

Several equities research analysts recently weighed in on the stock. TD Securities boosted their price target on shares of Kinaxis from C$98.00 to C$105.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. BMO Capital Markets boosted their price target on shares of Kinaxis from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Royal Bank of Canada boosted their price target on shares of Kinaxis from C$95.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Monday, July 30th. CIBC boosted their price target on shares of Kinaxis from C$107.00 to C$111.00 in a research report on Monday, October 22nd. Finally, Eight Capital boosted their price target on shares of Kinaxis from C$100.00 to C$105.00 in a research report on Tuesday, August 7th.

In related news, Director John Ernest Sicard sold 5,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of C$98.00, for a total value of C$490,000.00.

Shares of KXS opened at C$87.77 on Wednesday. Kinaxis has a fifty-two week low of C$69.59 and a fifty-two week high of C$100.68.

About Kinaxis

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 supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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Analyst Recommendations for Kinaxis (TSE:KXS)

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