KLX Inc (NASDAQ:KLXI) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $65.00.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered KLX from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. ValuEngine lowered KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Cowen reissued a “buy” rating and issued a $57.00 target price on shares of KLX in a research note on Wednesday, December 6th. Finally, Buckingham Research lowered KLX from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 26th.
In other KLX news, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the transaction, the director now owns 7,083 shares of the company’s stock, valued at $429,867.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Heather Floyd sold 2,024 shares of the 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 completion of the transaction, the vice president now directly owns 13,811 shares in the company, valued at approximately $842,471. The disclosure for this sale can be found here. Corporate insiders own 1.77% of the company’s stock.
Shares of KLX (NASDAQ:KLXI) traded up $0.97 on Wednesday, hitting $68.54. The stock had a trading volume of 614,115 shares, compared to its average volume of 357,754. The company has a quick ratio of 2.21, a current ratio of 6.91 and a debt-to-equity ratio of 0.52. KLX has a twelve month low of $42.45 and a twelve month high of $72.53. The firm has a market capitalization of $3,403.13, a price-to-earnings ratio of 42.05, a PEG ratio of 3.24 and a beta of 1.26.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $442.26 million. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities analysts predict that KLX will post 2.86 EPS for the current fiscal year.
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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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