Wall Street analyst has provided a review for the Technology company yesterday, but retained the same rating on the stock. Analyst Stephanie Price from CIBC rated Kinaxis Inc (TSX: KXS) a Buy, setting a C$101 price target.
Price has an average return of 14.1% when recommending Kinaxis Inc.
According to TipRanks.com, Price is ranked #976 out of 4848 analysts.
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Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$101.83, representing a 9.9% upside. In a report released yesterday, 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$2.38B and has a P/E ratio of 81. 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.
