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

Kinaxis (TSE:KXS) was upgraded by research analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Monday,BayStreet.CA reports. The brokerage presently has a C$203.00 target price on the stock, up from their prior target price of C$201.00. CIBC’s target price indicates a potential upside of 16.67% from the company’s previous close.

Other analysts have also issued reports about the company. National Bankshares set a C$240.00 target price on Kinaxis and gave the company an “outperform” rating in a research note on Thursday, October 23rd. TD Securities boosted their price objective on Kinaxis from C$225.00 to C$229.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$228.38.

Kinaxis Stock Performance

KXS traded up C$2.43 during midday trading on Monday, reaching C$174.00. The company had a trading volume of 29,225 shares, compared to its average volume of 70,619. Kinaxis has a 12-month low of C$149.96 and a 12-month high of C$212.45. The business has a 50-day moving average price of C$176.51 and a two-hundred day moving average price of C$188.60. The stock has a market cap of C$4.88 billion, a PE ratio of 145.00, a P/E/G ratio of 3.60 and a beta of 0.74. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts expect that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the firm’s 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 owned 19 shares in the company, valued at C$3,370.79. This trade represents a 92.12% decrease in their position. 1.20% of the stock is currently owned by corporate insiders.

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.