Kinaxis Inc (TSE:KXS) Price Target Cut to C$82.00
Kinaxis Inc (TSE:KXS) had its price objective reduced by investment analysts at Scotiabank from C$87.00 to C$82.00 in a research report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 2.90% from the company’s previous close.
Several other research firms have also recently issued reports on KXS. TD Securities upped their price target on Kinaxis from C$81.00 to C$98.00 and gave the company a “buy” rating in a report on Sunday, May 7th. Royal Bank Of Canada upped their price target on Kinaxis from C$82.00 to C$100.00 and gave the company an “outperform” rating in a report on Tuesday, May 2nd. National Bank Financial dropped their price target on Kinaxis from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Eight Capital reaffirmed a “buy” rating and issued a C$91.00 price target on shares of Kinaxis in a report on Tuesday, April 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$83.70.
Kinaxis (TSE KXS) traded down 15.01% during midday trading on Wednesday, hitting $67.73. The company had a trading volume of 572,594 shares. Kinaxis has a 12-month low of $56.47 and a 12-month high of $91.98. The company’s 50 day moving average is $81.41 and its 200 day moving average is $78.02. The stock has a market cap of $1.71 billion and a price-to-earnings ratio of 168.90.
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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 shares were sold at an average price of C$86.00, for a total transaction of C$464,400.00. Also, insider Richard George Monkman sold 15,000 shares of Kinaxis stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$86.77, for a total transaction of C$1,301,550.00. Over the last quarter, insiders have sold 62,952 shares of company stock worth $5,540,474.
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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