CIBC Increases Kinaxis (KXS) Price Target to C$95.00

Kinaxis (TSE:KXS) had its price objective upped by CIBC from C$90.00 to C$95.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 21.53% from the stock’s previous close.

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

Kinaxis (TSE KXS) traded up C$0.51 during midday trading on Thursday, reaching C$78.17. 55,198 shares of the company traded hands, compared to its average volume of 57,377. Kinaxis has a twelve month low of C$63.15 and a twelve month high of C$91.98. The firm has a market cap of $2,000.00, a P/E ratio of 100.22 and a beta of 0.97.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, November 1st. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the 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 16,616 shares of Kinaxis stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$58.82, for a total transaction of C$977,353.12. Also, insider Richard George Monkman sold 27,900 shares of Kinaxis stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$73.35, for a total transaction of C$2,046,465.00. Insiders have sold a total of 71,949 shares of company stock worth $5,058,176 over the last ninety 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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