Kinaxis Inc (TSE:KXS) had its target price lowered by analysts at Scotiabank from C$87.00 to C$82.00 in a report issued on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 16.78% from the stock’s current price.
Several other brokerages have also issued reports on KXS. TD Securities cut their price objective on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Royal Bank Of Canada cut their price objective on shares of Kinaxis from C$100.00 to C$85.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. BMO Capital Markets cut their price objective on shares of Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$100.00 to C$82.00 in a report on Wednesday, August 9th. Finally, Laurentian cut their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$90.50.
Shares of Kinaxis (TSE:KXS) opened at 70.22 on Thursday. The company has a market capitalization of $1.78 billion and a PE ratio of 142.72. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98. The stock has a 50 day moving average price of $77.31 and a 200-day moving average price of $78.36.
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In other news, insider David Peter Kelly sold 12,500 shares of Kinaxis stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of C$88.39, for a total transaction of C$1,104,875.00. Also, Director Douglas Proctor Colbeth sold 16,567 shares of Kinaxis stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of C$89.50, for a total transaction of C$1,482,746.50. Insiders have sold 42,052 shares of company stock valued at $3,731,324 over the last quarter.
Kinaxis Company Profile
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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