Kinaxis (TSE:KXS) had its target price decreased by stock analysts at CIBC from C$111.00 to C$96.00 in a research report issued to clients and investors on Monday. CIBC’s price target points to a potential upside of 42.62% from the company’s previous close.

Several other brokerages have also recently weighed in on KXS. Canaccord Genuity lifted their price target on shares of Kinaxis from C$96.00 to C$100.00 in a research note on Friday, August 3rd. Royal Bank of Canada lifted their price target on shares of Kinaxis from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Eight Capital lifted their price target on shares of Kinaxis from C$100.00 to C$105.00 in a research note on Tuesday, August 7th. BMO Capital Markets lifted their price target on shares of Kinaxis from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Finally, TD Securities lifted their price target on shares of Kinaxis from C$98.00 to C$105.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$98.94.

Shares of Kinaxis stock opened at C$67.31 on Monday. Kinaxis has a 1-year low of C$66.97 and a 1-year high of C$100.68. The company has a current ratio of 3.07, a quick ratio of 2.97 and a debt-to-equity ratio of 7.13.

In other Kinaxis news, insider Richard George Monkman purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average price of C$68.88 per share, for a total transaction of C$206,640.00.

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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Analyst Recommendations for Kinaxis (TSE:KXS)

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