BMO Capital Markets Cuts Kinaxis Inc (KXS) Price Target to C$82.00
Kinaxis Inc (TSE:KXS) had its target price dropped by analysts at BMO Capital Markets from C$95.00 to C$82.00 in a research report issued on Thursday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 17.88% from the company’s previous close.
KXS has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on Kinaxis from C$82.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 2nd. Eight Capital reiterated a “buy” rating and issued a C$91.00 price objective on shares of Kinaxis in a research note on Tuesday, April 25th. TD Securities upped their price objective on Kinaxis from C$81.00 to C$98.00 and gave the company a “buy” rating in a research note on Sunday, May 7th. Scotiabank upped their price objective on Kinaxis from C$76.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Friday, May 5th. Finally, Canaccord Genuity lowered Kinaxis from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$100.00 to C$75.00 in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$90.50.
Shares of Kinaxis (TSE KXS) traded up 0.93% during midday trading on Thursday, reaching $70.21. The company’s stock had a trading volume of 46,237 shares. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98. The stock has a market capitalization of $1.78 billion and a P/E ratio of 142.70. The stock’s 50-day moving average is $77.95 and its 200 day moving average is $78.38.
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In other news, Director Douglas Proctor Colbeth sold 16,567 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of C$89.50, for a total value of C$1,482,746.50. Also, insider Sarah Mayme Sedgman sold 385 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of C$90.00, for a total value of C$34,650.00. In the last three months, insiders sold 42,052 shares of company stock worth $3,731,324.
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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