KLX Inc. (KLXI) Receives Average Recommendation of “Hold” from Brokerages
KLX Inc. (NASDAQ:KLXI) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.00.
KLXI has been the subject of a number of recent research reports. Zacks Investment Research cut shares of KLX from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Cowen and Company reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of KLX in a research note on Thursday, August 24th. BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a research note on Thursday, August 24th.
KLX (NASDAQ KLXI) opened at 53.06 on Thursday. KLX has a 52-week low of $33.17 and a 52-week high of $55.05. The company’s 50-day moving average is $50.19 and its 200-day moving average is $49.30. The firm has a market capitalization of $2.73 billion, a P/E ratio of 35.85 and a beta of 1.32.
ILLEGAL ACTIVITY WARNING: “KLX Inc. (KLXI) Receives Average Recommendation of “Hold” from Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/klx-inc-klxi-receives-average-recommendation-of-hold-from-brokerages.html.
Several hedge funds have recently added to or reduced their stakes in KLXI. BlackRock Inc. lifted its stake in shares of KLX by 16,238.1% in the 1st quarter. BlackRock Inc. now owns 6,303,731 shares of the aerospace company’s stock worth $281,777,000 after acquiring an additional 6,265,148 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of KLX by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,620,065 shares of the aerospace company’s stock worth $117,117,000 after acquiring an additional 1,009,575 shares during the period. Jennison Associates LLC acquired a new stake in shares of KLX in the 2nd quarter worth $39,567,000. Dimensional Fund Advisors LP lifted its stake in shares of KLX by 36.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,675,495 shares of the aerospace company’s stock worth $119,593,000 after acquiring an additional 708,731 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of KLX by 491.9% in the 1st quarter. Point72 Asset Management L.P. now owns 411,992 shares of the aerospace company’s stock worth $18,416,000 after acquiring an additional 342,392 shares during the period.
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).
Receive News & Ratings for KLX Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Inc. and related companies with MarketBeat.com's FREE daily email newsletter.