Kinaxis Inc (TSX: KXS), the Technology company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from BMO Capital’s analyst Thanos Moschopoulos, with a C$105 price target.
Moschopoulos has an average return of 24.6% when recommending Kinaxis Inc.
According to TipRanks.com, Moschopoulos is ranked #1300 out of 4849 analysts.
Read also: Tesla (TSLA): Is a Turnaround in the Cards? Top Analysts Are Mixed
Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$102.29, representing a 10.4% upside. In a report issued on August 3, Laurentian Bank of Canada also maintained a Buy rating on the stock with a C$105 price target.
.
Kinaxis Inc’s market cap is currently C$2.38B and has a P/E ratio of 84.1. The company has a Price to Book ratio of 11.55.
Kinaxis, Inc. engages in the provision of cloud-based subscription software. Its product is RapidResponse, which 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. The company was founded by Duncan Klett in 1984 and is headquartered in Ottawa, Canada.
The company’s shares closed on Friday at C$92.65, close to its 52-week high of C$96.55.
