KLX (NASDAQ:KLXI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, February 16th. The firm presently has a $75.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 4.62% from the stock’s current price.
According to Zacks, “KLX Inc. is a distributor and service provider of aerospace fasteners and consumables. The Company operates in two segments: Aerospace Solutions Group and Energy Services Group. The Aerospace Solutions Group provides fasteners, consumable products, and logistics services to aerospace customers. The Energy Services Group provides services and logistics for oil and gas drilling sites. It also provides aerospace hardware, and inventory management services. KLX Inc. is based in United States. “
Other analysts also recently issued research reports about the company. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. SunTrust Banks boosted their target price on KLX to $65.00 in a research report on Thursday, December 7th. Cowen restated a “buy” rating and set a $57.00 price objective on shares of KLX in a report on Wednesday, December 6th. Finally, Jefferies Group restated a “hold” rating and set a $63.00 price objective on shares of KLX in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. KLX has an average rating of “Buy” and a consensus price target of $67.40.
KLX (NASDAQ:KLXI) traded up $0.18 during midday trading on Friday, reaching $71.69. The company had a trading volume of 291,776 shares, compared to its average volume of 377,425. KLX has a 52 week low of $42.45 and a 52 week high of $73.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.06 and a quick ratio of 2.17. The company has a market cap of $3,610.00, a P/E ratio of 68.93, a price-to-earnings-growth ratio of 3.13 and a beta of 1.26.
KLX (NASDAQ:KLXI) last issued its earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $442.20 million for the quarter, compared to the consensus estimate of $450.87 million. KLX had a return on equity of 6.03% and a net margin of 3.07%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. equities research analysts anticipate that KLX will post 3.99 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Shelton Capital Management acquired a new position in KLX during the 2nd quarter valued at about $200,000. Creative Planning acquired a new position in shares of KLX in the fourth quarter valued at about $201,000. Victory Capital Management Inc. acquired a new position in shares of KLX in the third quarter valued at about $205,000. Cowen Inc. acquired a new position in shares of KLX in the fourth quarter valued at about $205,000. Finally, LPL Financial LLC acquired a new position in shares of KLX in the fourth quarter valued at about $206,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
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KLX Company Profile
KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).
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