Kinaxis Inc Gets a Buy Rating from RBC Capital

By Austin Angelo

Kinaxis Inc (TSX: KXS), the Technology company, was revisited by a Wall Street analyst today. Analyst Paul Treiber from RBC Capital rated Kinaxis Inc (TSX: KXS) a Buy, setting a C$105 price target.

Treiber has an average return of 47.2% when recommending Kinaxis Inc.

According to TipRanks.com, Treiber is ranked #301 out of 4836 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$97 average price target, which is a 10.7% upside from current levels. In a report issued on July 25, Scotiabank also reiterated a Buy rating on the stock with a C$100 price target.

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The company has a one-year high of C$96.55 and a one-year low of C$63.15. Currently, Kinaxis Inc has an average volume of 65.13K.

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$87.65.