Kinaxis Inc. (OTCMKTS:KXSCF) shares were up 0.4% during mid-day trading on Wednesday . The stock traded as high as $111.43 and last traded at $111.43. Approximately 225 shares traded hands during trading, a decline of 70% from the average daily volume of 754 shares. The stock had previously closed at $111.03.
KXSCF has been the topic of a number of recent analyst reports. TD Securities boosted their price target on Kinaxis from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 6th. Scotiabank upped their target price on Kinaxis from $179.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. Stifel Nicolaus raised Kinaxis from a “hold” rating to a “buy” rating in a research report on Friday, March 5th. National Bank Financial reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Friday, March 5th. Finally, Royal Bank of Canada decreased their target price on Kinaxis from $260.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, March 5th. Seven analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $195.50.
The business has a 50-day moving average of $119.75.
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, a cloud-based software-as-a-service platform empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste, as well as provides demand planning, supply planning, inventory management, sales and operations planning, and command and control center services.
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