Shares of KLX Inc. (NASDAQ:KLXI) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $55.00.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Cowen and Company restated a “buy” rating and set a $52.00 target price on shares of KLX in a research report on Monday, July 17th. Finally, TheStreet upgraded shares of KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th.

KLX (NASDAQ KLXI) opened at 48.24 on Friday. KLX has a one year low of $32.23 and a one year high of $54.40. The company has a market capitalization of $2.48 billion, a P/E ratio of 32.59 and a beta of 1.29. The firm has a 50-day moving average of $49.14 and a 200 day moving average of $48.53.

KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. KLX had a net margin of 4.83% and a return on equity of 4.43%. The firm had revenue of $430.60 million during the quarter, compared to analyst estimates of $423.08 million. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts forecast that KLX will post $3.07 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in KLX by 1.4% during the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after purchasing an additional 43 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in KLX by 0.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 56 shares during the last quarter. State Treasurer State of Michigan lifted its position in KLX by 0.5% during the first quarter. State Treasurer State of Michigan now owns 21,300 shares of the aerospace company’s stock valued at $952,000 after purchasing an additional 100 shares during the last quarter. Advantus Capital Management Inc lifted its position in KLX by 2.7% during the first quarter. Advantus Capital Management Inc now owns 6,723 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 175 shares during the last quarter. Finally, Sciencast Management LP lifted its position in KLX by 4.3% during the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 196 shares during the last quarter.

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About KLX

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).

Analyst Recommendations for KLX (NASDAQ:KLXI)

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