ValuEngine lowered shares of KLX (NASDAQ:KLXI) from a buy rating to a hold rating in a report published on Friday.
Several other research firms have also weighed in on KLXI. Zacks Investment Research upgraded shares of KLX from a sell rating to a hold rating in a research report on Tuesday, October 24th. Cowen restated a buy rating and set a $57.00 price target on shares of KLX in a research report on Thursday, October 19th. BidaskClub lowered shares of KLX from a hold rating to a sell rating in a research report on Saturday, August 19th. Finally, Jefferies Group restated a hold rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $55.40.
KLX (KLXI) traded down $0.47 on Friday, reaching $55.64. 339,200 shares of the company traded hands, compared to its average volume of 402,078. The company has a market capitalization of $2,877.89, a price-to-earnings ratio of 29.13, a P/E/G ratio of 3.34 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.27 and a current ratio of 7.28. KLX has a one year low of $39.86 and a one year high of $56.69.
A number of large investors have recently modified their holdings of KLXI. Jennison Associates LLC bought a new position in KLX during the second quarter worth about $39,567,000. Dimensional Fund Advisors LP boosted its position in KLX by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,242,416 shares of the aerospace company’s stock worth $162,119,000 after purchasing an additional 566,921 shares during the period. FMR LLC boosted its position in KLX by 15.9% during the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock worth $78,347,000 after purchasing an additional 214,625 shares during the period. First Eagle Investment Management LLC boosted its position in KLX by 22.5% during the second quarter. First Eagle Investment Management LLC now owns 958,880 shares of the aerospace company’s stock worth $47,944,000 after purchasing an additional 175,810 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in KLX by 15.6% during the third quarter. Bank of New York Mellon Corp now owns 984,481 shares of the aerospace company’s stock worth $52,108,000 after purchasing an additional 132,982 shares during the period.
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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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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