KLX (NASDAQ:KLXI)‘s stock had its “buy” rating restated by Cowen in a research report issued on Thursday. They currently have a $67.00 price target on the aerospace company’s stock. Cowen’s target price would suggest a potential upside of 12.45% from the stock’s current price.
A number of other research analysts have also issued reports on the company. BidaskClub lowered KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine lowered KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks lifted their target price on KLX to $65.00 in a report on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and issued a $51.00 target price (down from $55.00) on shares of KLX in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $59.80.
Shares of KLX (NASDAQ KLXI) traded up $0.09 during midday trading on Thursday, hitting $59.58. The stock had a trading volume of 260,700 shares, compared to its average volume of 409,665. KLX has a twelve month low of $42.45 and a twelve month high of $61.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. The firm has a market capitalization of $2,996.19, a PE ratio of 26.56, a PEG ratio of 3.48 and a beta of 1.31.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The business had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. The firm’s revenue was up 17.4% compared to the same quarter last year. analysts expect that KLX will post 2.85 EPS for the current year.
In other KLX news, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the sale, the vice president now directly owns 13,811 shares of the company’s stock, valued at approximately $842,471. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the sale, the director now directly owns 7,083 shares of the company’s stock, valued at $429,867.27. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in KLXI. Bank of Montreal Can lifted its holdings in KLX by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock worth $159,000 after buying an additional 43 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of KLX by 33.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 94,475 shares of the aerospace company’s stock valued at $4,724,000 after purchasing an additional 23,815 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of KLX by 3.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 31,778 shares of the aerospace company’s stock valued at $1,588,000 after purchasing an additional 1,082 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of KLX by 11.4% in the 2nd quarter. First Trust Advisors LP now owns 26,485 shares of the aerospace company’s stock valued at $1,324,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of KLX in the 2nd quarter valued at about $212,000.
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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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