KLX Inc (KLXI) Given Average Rating of “Hold” by Analysts

KLX Inc (NASDAQ:KLXI) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.00.

Several analysts have weighed in on KLXI shares. Cowen reissued a “buy” rating and issued a $57.00 price target on shares of KLX in a research note on Wednesday, December 6th. BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Zacks Investment Research raised shares of KLX from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group reissued a “hold” rating and issued a $63.00 price target on shares of KLX in a research note on Tuesday, December 26th. Finally, SunTrust Banks boosted their price target on shares of KLX to $65.00 in a research note on Thursday, December 7th.

In other KLX news, VP Heather Floyd sold 2,024 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $60.69, for a total transaction 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 insiders.

Several hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd increased its position in shares of KLX by 120.2% in the fourth quarter. WINTON GROUP Ltd now owns 149,653 shares of the aerospace company’s stock valued at $10,214,000 after acquiring an additional 81,704 shares during the period. Geode Capital Management LLC increased its position in shares of KLX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 547,235 shares of the aerospace company’s stock valued at $37,348,000 after acquiring an additional 19,395 shares during the period. EAM Investors LLC purchased a new position in shares of KLX in the fourth quarter valued at about $2,925,000. Royce & Associates LP increased its position in shares of KLX by 21.2% in the fourth quarter. Royce & Associates LP now owns 160,200 shares of the aerospace company’s stock valued at $10,934,000 after acquiring an additional 28,000 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of KLX by 7.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 39,677 shares of the aerospace company’s stock valued at $2,708,000 after acquiring an additional 2,885 shares during the period.

Shares of KLX (KLXI) opened at $65.85 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. The firm has a market cap of $3,320.00, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 3.12 and a beta of 1.26. KLX has a one year low of $42.45 and a one year high of $72.53.

KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.10. The business had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million. KLX had a net margin of 4.99% and a return on equity of 5.14%. KLX’s quarterly revenue was up 17.4% compared to the same quarter last year. equities analysts anticipate that KLX will post 2.86 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/klx-inc-klxi-given-average-rating-of-hold-by-analysts.html.

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)

Receive News & Ratings for KLX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply