Kinaxis (TSE:KXS) Price Target Cut to C$170.00 by Analysts at CIBC

Kinaxis (TSE:KXS) had its price objective trimmed by CIBC from C$175.00 to C$170.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the stock. ATB Capital increased their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Securities cut their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and a consensus price target of C$194.44.

Kinaxis Stock Performance

Shares of KXS opened at C$157.69 on Friday. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The company has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 156.51, a PEG ratio of 3.60 and a beta of 0.78. The company’s 50 day simple moving average is C$169.79 and its 200 day simple moving average is C$164.76. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17.

Insider Transactions at Kinaxis

In other news, Director John Ernest Sicard sold 7,323 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total value of C$1,355,126.28. Also, Senior Officer Andrew William Robert Bell sold 600 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$177.14, for a total transaction of C$106,281.00. Following the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$147,199.19. The trade was a 41.93 % decrease in their ownership of the stock. Insiders sold 11,526 shares of company stock valued at $2,117,570 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.