Kinaxis (KXS) Price Target Cut to C$97.50 by Analysts at Canaccord Genuity

Kinaxis (TSE:KXS) had its price target lowered by Canaccord Genuity from C$100.00 to C$97.50 in a research report sent to investors on Friday morning.

Several other equities analysts have also recently commented on the company. Royal Bank of Canada increased their target price on Kinaxis from C$105.00 to C$110.00 and gave the company an outperform rating in a research note on Monday, September 10th. CIBC increased their target price on Kinaxis from C$101.00 to C$107.00 in a research note on Monday, August 27th. BMO Capital Markets increased their target price on Kinaxis from C$93.00 to C$105.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Eight Capital increased their target price on Kinaxis from C$100.00 to C$105.00 in a research note on Tuesday, August 7th. Finally, TD Securities increased their target price on Kinaxis from C$98.00 to C$105.00 and gave the company a buy rating in a research note on Tuesday, August 7th. Seven research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of C$102.94.

Shares of Kinaxis stock traded down C$14.60 on Friday, hitting C$74.03. 415,100 shares of the company’s stock traded hands, compared to its average volume of 67,577. The company has a current ratio of 2.84, a quick ratio of 2.77 and a debt-to-equity ratio of 7.77. Kinaxis has a 52-week low of C$69.59 and a 52-week high of C$100.68.

In related news, Director John Ernest Sicard sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of C$98.00, for a total transaction of C$490,000.00.

About Kinaxis

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 supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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