KLX (NASDAQ:KLXI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Jefferies Group reiterated a “hold” rating and set a $51.00 target price (down from $55.00) on shares of KLX in a research report on Thursday, August 24th. BidaskClub downgraded KLX from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Cowen reiterated a “buy” rating and set a $57.00 target price on shares of KLX in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.40.

Shares of KLX (NASDAQ KLXI) opened at $55.64 on Friday. The company has a quick ratio of 2.27, a current ratio of 7.28 and a debt-to-equity ratio of 0.52. KLX has a 12 month low of $39.86 and a 12 month high of $56.69. The firm has a market capitalization of $2,877.87, a P/E ratio of 29.13, a P/E/G ratio of 3.34 and a beta of 1.32.

Institutional investors and hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas purchased a new stake in KLX during the second quarter worth $212,000. Virginia Retirement Systems ET AL raised its holdings in shares of KLX by 34.3% in the second quarter. Virginia Retirement Systems ET AL now owns 32,900 shares of the aerospace company’s stock worth $1,645,000 after acquiring an additional 8,400 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of KLX by 33.7% in the second quarter. Russell Investments Group Ltd. now owns 94,475 shares of the aerospace company’s stock worth $4,724,000 after acquiring an additional 23,815 shares during the last quarter. State Street Corp raised its holdings in shares of KLX by 4.1% in the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock worth $112,850,000 after acquiring an additional 88,952 shares during the last quarter. Finally, Redwood Investments LLC raised its holdings in shares of KLX by 143.3% in the second quarter. Redwood Investments LLC now owns 144,127 shares of the aerospace company’s stock worth $7,206,000 after acquiring an additional 84,889 shares during the last quarter.

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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.

Analyst Recommendations for KLX (NASDAQ:KLXI)

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