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A statement released earlier today by RBC Capital Markets about Kinaxis Inc (TSE:KXS) bumps the target price to $82.00

Stating a potential upside of 0.24%, RBC Capital Markets upped the target price of Kinaxis Inc (TSE:KXS) to $82.00

Previously on Wednesday August 03, 2016, RBC Capital Markets reported about Kinaxis Inc (TSE:KXS) raised the target price from $52.00 to $68.00. At the time, this indicated a possible upside of 0.08%.

Yesterday Kinaxis Inc (TSE:KXS) traded 4.23% higher at $66.21. The company’s 50-day moving average is $63.65 and its 200-day moving average is $53.86. The last stock close price is up 22.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 42,048 shares of the stock were exchanged, down from an average trading volume of 78,713

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Kinaxis Inc (TSE:KXS)

Kinaxis Inc has a 52 week low of $32.60 and a 52 week high of $69.85 with a P/E ratio of 143.21 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $55.55 with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Kinaxis Inc (TSE:KXS)

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. The Company's customers include companies in various industries, including high technology and electronics; aerospace and defense; life sciences and pharmaceuticals; industrial, and automotive. Its sales and operations planning solutions include demand planning, aggregate supply planning, capacity planning (constraints), inventory planning and optimization, and inventory management. The Company's supply chain management applications include capacity planning, order fulfillment and supplier collaboration.

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