Analysts seem to be optimistic about Kinaxis Inc (TSX: KXS) lately, as another research firm gave the stock a Buy rating today. Analyst Robert Young from Canaccord Genuity remains bullish on the stock and has a C$100 price target.
Young has an average return of 26.4% when recommending Kinaxis Inc.
According to TipRanks.com, Young is ranked #410 out of 4863 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kinaxis Inc with a C$102.89 average price target.
Based on Kinaxis Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$5.51 million. In comparison, last year the company had a net profit of C$7.58 million.
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$94.69, close to its 52-week high of C$100.68.
