Kinaxis (TSE:KXS) Rating Lowered to "Hold" at Atb Cap Markets

Kinaxis (TSE:KXS - Get Free Report) was downgraded by Atb Cap Markets from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the company. ATB Capital lowered Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 target price for the company. in a report on Friday. BMO Capital Markets upped their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday. Stifel Nicolaus raised their price objective on shares of Kinaxis from C$195.00 to C$225.00 in a report on Friday. CIBC decreased their price target on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Finally, Royal Bank of Canada upped their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Trading Down 0.6%

Shares of Kinaxis stock traded down C$1.16 during mid-day trading on Thursday, hitting C$196.01. 1,814 shares of the stock were exchanged, compared to its average volume of 89,111. The company has a 50-day simple moving average of C$169.24 and a 200 day simple moving average of C$170.02. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$199.67. The stock has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 194.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Insiders Place Their Bets

In other Kinaxis news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the transaction, the insider now directly owns 831 shares of the company's stock, valued at C$129,321.72. The trade was a 45.11% decrease in their ownership of the stock. Over the last quarter, insiders have sold 4,924 shares of company stock worth $770,090. 1.20% of the stock is currently owned by company insiders.

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.