Scotiabank Remains a Hold on Kinaxis Inc

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Technology company, Kinaxis Inc (TSX: KXS). Analyst Paul Steep from Scotiabank remains neutral on the stock and has a C$87 price target.

Steep has an average return of 35.0% when recommending Kinaxis Inc.

According to TipRanks.com, Steep is ranked #1382 out of 4588 analysts.

Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$94.67.

The company has a one year high of C$91.98 and a one year low of C$50.50. Currently, Kinaxis Inc has an average volume of 75.45K.

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 Wednesday at $82.45.