KLX (KLXI) Stock Rating Reaffirmed by Cowen
KLX (NASDAQ:KLXI)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a research note issued to investors on Thursday. They currently have a $67.00 target price on the aerospace company’s stock. Cowen’s price target indicates a potential upside of 12.45% from the stock’s current price.
Several other equities analysts have also commented on KLXI. SunTrust Banks raised their target price on shares of KLX to $65.00 in a report on Thursday, December 7th. BidaskClub lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of KLX from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Finally, Jefferies Group reissued 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.80.
Shares of KLX (NASDAQ KLXI) traded up $0.09 on Thursday, reaching $59.58. 260,700 shares of the company traded hands, compared to its average volume of 409,665. The firm has a market capitalization of $2,996.19, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $61.66.
In other news, Director Theodore L. Weise sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.69, for a total value of $121,380.00. Following the sale, the director now directly owns 7,083 shares in the company, valued at approximately $429,867.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Heather Floyd sold 2,024 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the sale, the vice president now owns 13,811 shares in the company, valued at $842,471. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.
A number of large investors have recently bought and sold shares of KLXI. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in KLX by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock worth $118,000 after buying an additional 206 shares during the period. Bank of Montreal Can boosted its position in KLX by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock worth $159,000 after buying an additional 43 shares during the period. Shelton Capital Management acquired a new stake in KLX during the 2nd quarter worth approximately $200,000. Victory Capital Management Inc. acquired a new stake in KLX during the 3rd quarter worth approximately $205,000. Finally, Teacher Retirement System of Texas acquired a new stake in KLX during the 2nd quarter worth approximately $212,000.
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).
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