Kinaxis Inc (TSE:KXS) had its price target reduced by stock analysts at Scotiabank from C$81.00 to C$78.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 16.23% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on KXS. National Bank Financial dropped their price objective on Kinaxis from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. TD Securities dropped their price objective on Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Laurentian dropped their price objective on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a research note on Wednesday, August 9th. Eight Capital dropped their price objective on Kinaxis from C$100.00 to C$90.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, CIBC cut Kinaxis from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$100.00 to C$82.00 in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$90.10.

Shares of Kinaxis (TSE KXS) traded down 1.02% during midday trading on Tuesday, hitting $67.11. 85,132 shares of the stock traded hands. The firm’s 50 day moving average price is $72.96 and its 200 day moving average price is $78.52. Kinaxis has a 12-month low of $56.47 and a 12-month high of $91.98. The company has a market capitalization of $1.71 billion and a PE ratio of 136.40.

COPYRIGHT VIOLATION WARNING: “Kinaxis Inc (KXS) Price Target Cut to C$78.00 by Analysts at Scotiabank” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/24/kinaxis-inc-kxs-price-target-cut-to-c78-00-by-analysts-at-scotiabank.html.

In related news, Director Douglas Proctor Colbeth sold 15,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of C$76.49, for a total transaction of C$1,200,893.00. Insiders have sold a total of 50,000 shares of company stock worth $3,761,224 over the last three months.

About Kinaxis

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.

Analyst Recommendations for Kinaxis (TSE:KXS)

Receive News & Ratings for Kinaxis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis Inc and related companies with MarketBeat.com's FREE daily email newsletter.