KLX Inc. (KLXI) Receives $36.32 Average PT from Analysts
KLX Inc. (NASDAQ:KLXI) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $36.32.
A number of brokerages have weighed in on KLXI. Zacks Investment Research downgraded KLX from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Jefferies Group reiterated a “hold” rating on shares of KLX in a report on Friday, August 5th.
A number of large investors have recently made changes to their positions in the company. Eii Capital Management Inc. bought a new stake in shares of KLX during the second quarter valued at about $1,293,000. Quantitative Systematic Strategies LLC bought a new stake in shares of KLX during the second quarter valued at about $307,000. Monarch Partners Asset Management LLC bought a new stake in shares of KLX during the second quarter valued at about $2,229,000. Kirr Marbach & Co. LLC IN increased its stake in shares of KLX by 1.3% in the second quarter. Kirr Marbach & Co. LLC IN now owns 232,214 shares of the company’s stock valued at $7,199,000 after buying an additional 3,082 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of KLX by 76.4% in the second quarter. LS Investment Advisors LLC now owns 3,218 shares of the company’s stock valued at $100,000 after buying an additional 1,394 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.
KLX (NASDAQ:KLXI) opened at 40.08 on Friday. KLX has a 12 month low of $25.33 and a 12 month high of $40.50. The firm’s market cap is $2.11 billion. The company’s 50-day moving average is $35.50 and its 200 day moving average is $34.05.
KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, August 24th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.22. The business earned $391.40 million during the quarter, compared to the consensus estimate of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. Equities research analysts expect that KLX will post $0.87 EPS for the current fiscal year.
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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