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.
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.
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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