Kinaxis Inc (TSE:KXS) has been assigned an average rating of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$90.50.

KXS has been the topic of several analyst reports. TD Securities lowered their target price on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Royal Bank Of Canada lowered their price target on Kinaxis from C$100.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. BMO Capital Markets lowered their price target on Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. CIBC downgraded Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$100.00 to C$82.00 in a research report on Wednesday, August 9th. Finally, Laurentian lowered their price target on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating on the stock in a research report on Wednesday, August 9th.

In other news, Director Douglas Proctor Colbeth sold 15,700 shares of Kinaxis stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$76.49, for a total value of C$1,200,893.00. Insiders sold 50,000 shares of company stock valued at $3,761,224 in the last quarter.

Kinaxis (TSE KXS) traded down 1.75% during midday trading on Tuesday, reaching $75.73. The company’s stock had a trading volume of 83,938 shares. The stock’s 50-day moving average price is $73.26 and its 200-day moving average price is $78.65. Kinaxis has a 12 month low of $56.47 and a 12 month high of $91.98. The firm has a market capitalization of $1.92 billion and a price-to-earnings ratio of 153.92.

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About Kinaxis

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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