Kinaxis Inc. (TSE:KXS) has earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$89.89.

A number of equities research analysts have recently weighed in on KXS shares. BMO Capital Markets lowered their target price on Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating for the company in a research note on Thursday, August 17th. Scotiabank lowered their target price on Kinaxis from C$87.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Thursday, August 17th. TD Securities lowered their target price on Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Laurentian Bank of Canada lowered their target price on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research note on Thursday, August 17th. Finally, CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$100.00 to C$82.00 in a research note on Thursday, August 17th.

In other news, insider Richard George Monkman sold 27,900 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$73.35, for a total value of C$2,046,465.00. Also, Director Douglas Proctor Colbeth sold 12,333 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$73.50, for a total value of C$906,475.50. Insiders have sold a total of 90,333 shares of company stock valued at $6,721,397 in the last ninety days.

Kinaxis (TSE KXS) traded up C$0.20 on Friday, hitting C$75.75. The stock had a trading volume of 31,400 shares, compared to its average volume of 89,136. Kinaxis has a 1 year low of C$56.47 and a 1 year high of C$91.98.

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Kinaxis Company Profile

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)

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