Kinaxis (TSE:KXS) Upgraded by Cibc Captl Mkts to “Strong-Buy” Rating

Kinaxis (TSE:KXS) was upgraded by research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$201.00 to C$203.00 in a research report on Monday. National Bankshares set a C$240.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, TD Securities raised their price target on shares of Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinaxis currently has an average rating of “Moderate Buy” and an average price target of C$228.38.

Kinaxis Trading Up 1.8%

KXS opened at C$174.59 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. Kinaxis has a fifty-two week low of C$149.96 and a fifty-two week high of C$212.45. The company’s 50 day moving average price is C$176.29 and its two-hundred day moving average price is C$188.45. The firm has a market capitalization of C$4.90 billion, a price-to-earnings ratio of 145.49, a PEG ratio of 3.60 and a beta of 0.74.

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

Insider Activity

In related news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the transaction, the insider owned 19 shares in the company, valued at C$3,370.79. The trade was a 92.12% decrease in their position. 1.20% of the stock is owned by 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.