KLX (NASDAQ:KLXI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

KLXI has been the subject of a number of other research reports. Zacks Investment Research downgraded KLX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Cowen reaffirmed an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of KLX in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and issued a $51.00 target price (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. SunTrust Banks upped their target price on KLX to $65.00 in a research report on Thursday, December 7th. Finally, ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. KLX presently has an average rating of “Buy” and an average target price of $59.80.

Shares of KLX (NASDAQ KLXI) opened at $59.86 on Friday. KLX has a 1 year low of $42.45 and a 1 year high of $61.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91. The stock has a market capitalization of $3,010.00 and a PE ratio of 26.56.

KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. equities research analysts forecast that KLX will post 2.85 EPS for the current year.

In other news, VP Heather Floyd sold 2,024 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the completion of the sale, the vice president now owns 13,811 shares of the company’s stock, valued at $842,471. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Theodore L. Weise sold 2,000 shares of the company’s 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 completion of the sale, the director now directly owns 7,083 shares of the company’s stock, valued at approximately $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in 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 purchasing an additional 43 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in KLX by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 56 shares during the last quarter. Sciencast Management LP boosted its holdings in KLX by 4.3% in the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 purchasing an additional 206 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in KLX by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 42,909 shares of the aerospace company’s stock valued at $2,145,000 after purchasing an additional 328 shares during the last quarter.

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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).

Analyst Recommendations for KLX (NASDAQ:KLXI)

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