Kinaxis (TSE:KXS) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Kinaxis (TSE:KXS) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. National Bankshares set a C$240.00 price target on Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$201.00 to C$203.00 in a report on Monday. Finally, TD Securities raised their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Kinaxis presently has a consensus rating of “Moderate Buy” and a consensus target price of C$228.38.

Kinaxis Stock Down 0.6%

KXS opened at C$175.40 on Monday. The firm’s 50 day simple moving average is C$175.90 and its two-hundred day simple moving average is C$188.23. The company has a market capitalization of C$4.92 billion, a PE ratio of 146.17, a PEG 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 company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

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

Insider Buying and Selling

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the company’s stock in a transaction that occurred on 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 C$3,370.79. This represents a 92.12% decrease in their position. Corporate 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.