KLX Inc (KLXI) Receives Average Recommendation of “Buy” from Analysts

KLX Inc (NASDAQ:KLXI) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $64.80.

Several equities research analysts recently commented on KLXI shares. Cowen reaffirmed a “buy” rating and set a $57.00 target price on shares of KLX in a research note on Thursday, October 19th. Zacks Investment Research raised KLX from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. SunTrust Banks raised their target price on KLX from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. BidaskClub raised KLX from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Buckingham Research cut KLX from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 26th.

In other KLX news, VP Heather Floyd sold 2,024 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the transaction, the vice president now owns 13,811 shares in the company, valued at $842,471. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the completion of the transaction, the director now owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Creative Planning bought a new position in shares of KLX in the fourth quarter valued at approximately $201,000. Bank of Montreal Can lifted its holdings in shares of KLX by 9.5% in the fourth quarter. Bank of Montreal Can now owns 30,628 shares of the aerospace company’s stock valued at $2,091,000 after purchasing an additional 2,659 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of KLX in the fourth quarter valued at approximately $1,785,000. Sterling Capital Management LLC lifted its holdings in shares of KLX by 9.3% in the third quarter. Sterling Capital Management LLC now owns 80,810 shares of the aerospace company’s stock valued at $4,277,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of KLX by 2.7% in the third quarter. Neuberger Berman Group LLC now owns 188,000 shares of the aerospace company’s stock valued at $9,951,000 after purchasing an additional 5,000 shares in the last quarter.

Shares of KLX (NASDAQ:KLXI) opened at $71.23 on Friday. KLX has a one year low of $42.45 and a one year high of $71.42. The company has a market capitalization of $3,590.00, a P/E ratio of 47.17, a P/E/G ratio of 4.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91.

KLX (NASDAQ:KLXI) last released its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The business had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. analysts forecast that KLX will post 2.85 EPS for the current fiscal year.

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About KLX

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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