KLX Inc. (NASDAQ:KLXI) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $55.25.
A number of research firms have recently commented on KLXI. Zacks Investment Research upgraded KLX from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Saturday, July 1st. BidaskClub downgraded KLX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Deutsche Bank AG raised their price objective on KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Finally, Cowen and Company reiterated an “outperform” rating and set a $52.00 target price on shares of KLX in a report on Wednesday, April 19th.
Shares of KLX (NASDAQ KLXI) traded up 1.81% on Friday, hitting $50.52. 331,337 shares of the stock traded hands. The firm’s 50 day moving average is $51.06 and its 200-day moving average is $48.82. The company has a market cap of $2.61 billion, a PE ratio of 41.07 and a beta of 1.28. KLX has a 12 month low of $32.23 and a 12 month high of $54.40.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $411.30 million for the quarter, compared to analyst estimates of $409.95 million. KLX had a return on equity of 3.99% and a net margin of 4.24%. Equities analysts predict that KLX will post $3.08 earnings per share for the current year.
In other KLX news, insider Roger Mark Franks sold 2,447 shares of KLX stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $47.70, for a total transaction of $116,721.90. Following the sale, the insider now directly owns 21,444 shares in the company, valued at approximately $1,022,878.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,163 shares of company stock worth $153,553 over the last 90 days. 1.77% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KLXI. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after buying an additional 206 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of KLX during the first quarter valued at approximately $119,000. Tyers Asset Management LLC raised its position in shares of KLX by 9.1% in the first quarter. Tyers Asset Management LLC now owns 2,688 shares of the aerospace company’s stock valued at $120,000 after buying an additional 224 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of KLX by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,264 shares of the aerospace company’s stock valued at $146,000 after buying an additional 272 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of KLX by 1.4% in the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after buying an additional 43 shares during the last quarter.
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).
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