Kinaxis Inc (TSX: KXS), the Technology company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Deepak Kaushal from GMP FirstEnergy remains bullish on the stock and has a C$105 price target.
Kaushal has an average return of 14.2% when recommending Kinaxis Inc.
According to TipRanks.com, Kaushal is ranked #1732 out of 4850 analysts.
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Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$102.89, representing a 6.7% 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.
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Kinaxis Inc’s market cap is currently C$2.45B and has a P/E ratio of 91. The company has a Price to Book ratio of 10.96.
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 Wednesday at C$96.47, close to its 52-week high of C$96.55.
