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

KXS has been the subject of several other research reports. Scotiabank dropped their target price 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 boosted their target price on shares of Kinaxis from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kinaxis currently has a consensus rating of “Buy” and an average price target of C$90.40.

Shares of Kinaxis (TSE:KXS) opened at C$77.70 on Thursday. The firm has a market cap of $2,010.00, a PE 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 released its earnings results on Wednesday, November 1st. The company reported C$0.29 earnings per share for the quarter, topping 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 related news, insider Richard George Monkman sold 27,900 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$73.35, for a total transaction of C$2,046,465.00. Also, insider John Randall Erwin sold 3,333 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$74.71, for a total transaction of C$249,008.43. In the last ninety days, insiders have sold 71,949 shares of company stock valued at $5,058,176.

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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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