KLX (NASDAQ:KLXI)‘s stock had its “buy” rating restated by stock analysts at Cowen in a research report issued on Wednesday. They presently have a $57.00 target price on the aerospace company’s stock. Cowen’s price objective would suggest a potential downside of 3.39% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. SunTrust Banks raised their price target on KLX to $65.00 in a research report on Thursday. BidaskClub cut KLX from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group restated a “hold” rating and issued a $51.00 price target (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.80.
Shares of KLX (KLXI) traded up $5.09 during midday trading on Wednesday, hitting $59.00. The company had a trading volume of 1,351,100 shares, compared to its average volume of 406,423. The company has a quick ratio of 2.27, a current ratio of 7.28 and a debt-to-equity ratio of 0.52. KLX has a 52 week low of $42.45 and a 52 week high of $59.88. The company has a market capitalization of $2,788.40, a PE ratio of 28.23, a P/E/G ratio of 3.23 and a beta of 1.31.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. KLX had a return on equity of 4.43% and a net margin of 4.83%. The company had revenue of $456.70 million for the quarter, compared to analysts’ expectations of $442.26 million. The company’s revenue was up 17.4% compared to the same quarter last year. research analysts anticipate that KLX will post 2.78 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in KLX by 0.3% in the second quarter. Vanguard Group Inc. now owns 4,303,889 shares of the aerospace company’s stock valued at $215,194,000 after acquiring an additional 11,596 shares during the last quarter. Dimensional Fund Advisors LP grew its position in KLX by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock valued at $188,030,000 after acquiring an additional 310,002 shares during the last quarter. State Street Corp grew its position in KLX by 4.1% in the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock valued at $112,850,000 after acquiring an additional 88,952 shares during the last quarter. FMR LLC grew its position in KLX by 15.9% in the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock valued at $78,347,000 after acquiring an additional 214,625 shares during the last quarter. Finally, Paradice Investment Management LLC grew its position in KLX by 2.6% in the third quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock valued at $80,885,000 after acquiring an additional 39,236 shares during the last quarter.
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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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