Kinaxis Inc (KXS) Gets a Buy Rating from RBC Capital

By Ryan Adsit

In a new note to investors yesterday, an analyst has provided a rating update for Kinaxis Inc (KXSResearch Report). Analyst Paul Treiber from RBC Capital reiterated a Buy rating, with a C$90 price target.

Treiber has an average return of 33.0% when recommending Kinaxis Inc.

According to TipRanks.com, Treiber is ranked #262 out of 5233 analysts.

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Kinaxis Inc has an analyst consensus of Strong Buy, with a price target consensus of C$90.75, which is a 18.9% upside from current levels. In a report issued on February 15, Scotiabank also reiterated a Buy rating on the stock with a C$86 price target.

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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$76.32.