Kinaxis (KXS) PT Raised to C$95.00 at CIBC

Kinaxis (TSE:KXS) had its price target lifted by analysts at CIBC from C$90.00 to C$95.00 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 22.27% from the company’s current price.

Several other research firms have also weighed in on KXS. Royal Bank of Canada lifted their target price on shares of Kinaxis from C$85.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Scotiabank reduced their target price on shares of Kinaxis from C$81.00 to C$78.00 and set an “outperform” rating on the stock in a report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$90.40.

Kinaxis (TSE KXS) opened at C$77.70 on Thursday. The firm has a market cap of $2,010.00, a price-to-earnings ratio of 99.62 and a beta of 0.97. Kinaxis has a 1-year low of C$63.15 and a 1-year high of C$91.98.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, November 1st. The company reported C$0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.04. Kinaxis had a net margin of 18.01% and a return on equity of 21.57%.

In other Kinaxis news, Director Douglas Proctor Colbeth sold 11,667 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$74.71, for a total value of C$871,641.57. Also, insider John Randall Erwin sold 3,333 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$74.71, for a total transaction of C$249,008.43. Insiders have sold a total of 71,949 shares of company stock worth $5,058,176 in the last 90 days.

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Kinaxis Company Profile

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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