Research Analysts’ Recent Ratings Updates for KLX (KLXI)

KLX (NASDAQ: KLXI) has recently received a number of price target changes and ratings updates:

  • 1/2/2018 – KLX had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $78.00 price target on the stock, up previously from $65.00.
  • 12/27/2017 – KLX had its price target raised by analysts at SunTrust Banks, Inc. from $65.00 to $78.00. They now have a “buy” rating on the stock.
  • 12/26/2017 – KLX was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating.
  • 12/26/2017 – KLX had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $63.00 price target on the stock.
  • 12/15/2017 – KLX was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/14/2017 – KLX had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $67.00 price target on the stock.
  • 12/7/2017 – KLX had its price target raised by analysts at SunTrust Banks, Inc. to $65.00.
  • 12/6/2017 – KLX had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $57.00 price target on the stock.
  • 12/6/2017 – KLX was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/1/2017 – KLX was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

KLX Inc (NASDAQ:KLXI) traded up $0.55 during trading hours on Monday, reaching $69.20. The company had a trading volume of 454,252 shares, compared to its average volume of 490,560. The company has a market cap of $3,490.00, a P/E ratio of 45.83, a price-to-earnings-growth ratio of 4.02 and a beta of 1.32. KLX Inc has a one year low of $42.45 and a one year high of $70.23. 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 (NASDAQ:KLXI) last released its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company’s revenue was up 17.4% compared to the same quarter last year. research analysts anticipate that KLX Inc will post 2.85 EPS for the current fiscal year.

In other KLX news, VP Heather Floyd sold 2,024 shares of KLX 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 directly owns 13,811 shares of the company’s stock, valued at approximately $842,471. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of KLX 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 directly owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. Insiders own 1.77% of the company’s stock.

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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