CIBC Keeps a Buy Rating on Kinaxis Inc (KXS)

By Carrie Williams

Kinaxis Inc (KXSResearch Report), the Technology company, was revisited by a Wall Street analyst yesterday. Analyst Stephanie Price from CIBC rated Kinaxis Inc (KXSResearch Report) a Buy, setting a C$89 price target.

According to TipRanks.com, Price is ranked #1171 out of 5142 analysts.

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Currently, the analyst consensus on Kinaxis Inc is a Strong Buy with an average price target of C$96.06.

Based on Kinaxis Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$3.48 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 Friday at C$71.31.