CIBC Has Lowered Expectations for Kinaxis (TSE:KXS) Stock Price

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

Several other equities research analysts also recently weighed in on KXS. TD Securities dropped their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research report on Friday, November 1st. ATB Capital boosted their target price on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and a consensus target price of C$194.44.

Kinaxis Price Performance

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

Insider Activity

In other Kinaxis news, Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total transaction of C$370,656.55. Also, Senior Officer Andrew William Robert Bell sold 600 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 831 shares of the company’s stock, valued at C$147,199.19. The trade was a 41.93 % decrease in their ownership of the stock. In the last three months, insiders sold 11,526 shares of company stock valued at $2,117,570. Company insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.