KLX (NASDAQ:KLXI) had its price target lifted by equities researchers at SunTrust Banks to $65.00 in a report issued on Thursday, The Fly reports. SunTrust Banks’ target price points to a potential upside of 10.17% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Cowen reaffirmed a “buy” rating and issued a $57.00 target price on shares of KLX in a report on Thursday, October 19th. BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group reaffirmed 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, ValuEngine cut shares of KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.80.

Shares of KLX (KLXI) opened at $59.00 on Thursday. The company has a quick ratio of 2.27, a current ratio of 7.28 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2,788.40, a PE ratio of 28.23, a PEG ratio of 3.23 and a beta of 1.31. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $59.88.

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

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in KLX by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 206 shares during the period. Bank of Montreal Can raised its holdings in KLX by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after acquiring an additional 43 shares during the period. Victory Capital Management Inc. bought a new position in KLX in the 3rd quarter valued at about $205,000. Shelton Capital Management bought a new position in KLX in the 2nd quarter valued at about $200,000. Finally, Cubist Systematic Strategies LLC bought a new position in KLX in the 3rd quarter valued at about $217,000.

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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).

The Fly

Analyst Recommendations for KLX (NASDAQ:KLXI)

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