KLX (NASDAQ:KLXI)‘s stock had its “buy” rating restated by equities research analysts at Cowen in a research report issued to clients and investors on Wednesday. They presently have a $57.00 target price on the aerospace company’s stock. Cowen’s price target suggests a potential downside of 3.39% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on KLXI. SunTrust Banks lifted their target price on KLX to $65.00 in a research report on Thursday. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded KLX from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group reissued 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. KLX has a consensus rating of “Hold” and an average target price of $57.80.

Shares of KLX (NASDAQ KLXI) traded up $5.09 during trading hours on Wednesday, hitting $59.00. The stock had a trading volume of 1,351,100 shares, compared to its average volume of 406,423. The firm has a market capitalization of $2,788.40, a P/E ratio of 28.23, a P/E/G ratio of 3.23 and a beta of 1.31. KLX has a 12 month low of $42.45 and a 12 month high of $59.88. The company has a current ratio of 7.28, a quick ratio of 2.27 and a debt-to-equity ratio of 0.52.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million for the quarter, compared to the consensus estimate of $442.26 million. KLX had a return on equity of 4.43% and a net margin of 4.83%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. research analysts predict that KLX will post 2.78 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new stake in KLX during the second quarter valued at approximately $212,000. Virginia Retirement Systems ET AL boosted its holdings in KLX by 34.3% during the second quarter. Virginia Retirement Systems ET AL now owns 32,900 shares of the aerospace company’s stock valued at $1,645,000 after purchasing an additional 8,400 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in KLX by 33.7% during the second 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 in the last quarter. State Street Corp boosted its holdings in KLX by 4.1% during the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock valued at $112,850,000 after purchasing an additional 88,952 shares in the last quarter. Finally, Redwood Investments LLC boosted its holdings in KLX by 143.3% during the second quarter. Redwood Investments LLC now owns 144,127 shares of the aerospace company’s stock valued at $7,206,000 after purchasing an additional 84,889 shares in 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).

Analyst Recommendations for KLX (NASDAQ:KLXI)

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