Kinaxis Inc Gets a Buy Rating from TD Securities

By Ryan Adsit

Wall Street analyst has provided a review for the Technology company today, but retained the same rating on the stock. Analyst Daniel Chan from TD Securities rated Kinaxis Inc (TSX: KXS) a Buy, setting a C$93 price target.

Chan has an average return of 2.3% when recommending Kinaxis Inc.

According to TipRanks.com, Chan is ranked #881 out of 4694 analysts.

Kinaxis Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$83.44.

Kinaxis Inc’s market cap is currently C$1.81B and has a P/E ratio of 103.

Kinaxis, Inc. provides cloud-based sales and operations planning and supply chain applications for discrete manufacturers and brand owners with complex supply chain networks and volatile business environments. Its solutions encompasses response management, demand planning, supply and capacity planning, supplier collaboration, order promising, inventory management, project management, profitability management and application extensions. The company was founded by Duncan Klett in 1984 and is headquartered in Ottawa, Canada.

The company’s shares closed on Thursday at C$71.93.