Analysts seem to be optimistic about Kinaxis Inc (KXS) lately, as another research firm gave the stock a Buy rating yesterday. Analyst Deepak Kaushal from GMP FirstEnergy reiterated a Buy rating, with a C$90 price target.
Kaushal has an average return of 4.3% when recommending Kinaxis Inc.
According to TipRanks.com, Kaushal is ranked #4243 out of 5233 analysts.
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Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$92.13, a 20.5% upside from current levels. In a report issued on March 1, Canaccord Genuity also maintained a Buy rating on the stock with a C$96 price target.
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Based on Kinaxis Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$3.86 million. In comparison, last year the company had a net profit of C$6.97 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 Monday at C$76.48.
