Kinaxis (TSE:KXS) Raised to “Outperform” at CIBC

Kinaxis (TSE:KXS) was upgraded by equities research analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued on Monday,BayStreet.CA reports. The firm currently has a C$203.00 price target on the stock, up from their prior price target of C$201.00. CIBC’s price objective indicates a potential upside of 15.09% from the stock’s current price.

A number of other equities research analysts also recently issued reports on KXS. National Bankshares set a C$240.00 price target on Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd. TD Securities boosted their price objective on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$228.38.

Kinaxis Stock Performance

KXS opened at C$176.38 on Monday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The stock has a market cap of C$4.95 billion, a P/E ratio of 146.98, a P/E/G ratio of 3.60 and a beta of 0.74. Kinaxis has a 1-year low of C$149.96 and a 1-year high of C$212.45. The stock’s 50 day simple moving average is C$176.12 and its 200 day simple moving average is C$188.32.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. The business had revenue of C$187.41 million during the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. As a group, equities analysts anticipate that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Activity at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the completion of the transaction, the insider directly owned 19 shares in the company, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.