Piper Jaffray Reiterates an 'Overweight' on Kenexa (KNXA); Price Target Increased
More News related to KNXA
- Amnesty International Chooses Kenexa for Enhanced Recruitment of People Who Want to Make a Difference Around the Globe
- Kenexa Creates Development Centers to Help E.ON Embed HR's Business Partner Model
- Kenexa Appoints Eric Lochner as Chief Marketing Officer
- Kenexa Names Sarah Teten to New Role as Chief Customer Officer
- Kenexa Recognized as a Talent Management Systems Leader in Bersin & Associates Research
Piper Jaffray & Co. reiterates an 'Overweight' rating on Kenexa (Nasdaq: KNXA), raises price target from $9 to $15.
Piper analyst says, "Though visibility remains limited to a point that Kenexa has not provided full-year guidance, we think it is now less likely that revenue forecasts require massive downward revision as they have in the recent past. We see 60/40 odds that revenue bottomed in Q1 and could produce a sequential uptick in Q2. We believe at less than 1.3x EV/FTM Rev and 11x EV/FTM OCF, the shares offer a favorable risk/reward profile for more value-oriented investors."
To see more analyst ratings on KNXA Click Here.
Kenexa Corporation and its subsidiaries provide software, services, and proprietary content that enable organizations to recruit and retain employees.
Related Categories
Analyst CommentsStocks Mentioned
-0.11Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
