Kinaxis Inc (TSE:KXS) had its price target trimmed by BMO Capital Markets from C$95.00 to C$82.00 in a research report report published on Wednesday. The firm currently has an outperform rating on the stock.
Several other analysts have also recently issued reports on KXS. Eight Capital cut their target price on Kinaxis from C$100.00 to C$90.00 and set a buy rating on the stock in a research note on Wednesday. Scotiabank cut their target price on Kinaxis from C$87.00 to C$82.00 and set a sector perform rating on the stock in a research note on Wednesday. National Bank Financial cut their target price on Kinaxis from C$100.00 to C$90.00 and set an outperform rating on the stock in a research note on Wednesday. Laurentian cut their target price on Kinaxis from C$96.00 to C$83.00 and set a hold rating on the stock in a research note on Wednesday. Finally, CIBC cut Kinaxis from an outperform rating to a neutral rating and cut their target price for the stock from C$100.00 to C$82.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Kinaxis currently has an average rating of Buy and an average price target of C$83.70.
Shares of Kinaxis (TSE KXS) traded down 2.42% during midday trading on Wednesday, hitting $64.89. The company had a trading volume of 189,933 shares. The company has a market capitalization of $1.64 billion and a P/E ratio of 131.89. The firm’s 50 day moving average is $80.62 and its 200 day moving average is $78.33. Kinaxis has a 52 week low of $56.47 and a 52 week high of $91.98.
In other Kinaxis news, Director John Ernest Sicard sold 5,400 shares of Kinaxis stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$86.00, for a total transaction of C$464,400.00. Also, Director Douglas Proctor Colbeth sold 16,567 shares of Kinaxis stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of C$89.50, for a total value of C$1,482,746.50. Over the last ninety days, insiders have sold 62,952 shares of company stock worth $5,540,474.
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 demand planning, supply planning, inventory management, order fulfillment, and capacity planning.
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