Shares of KLX Inc (NASDAQ:KLXI) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $65.00.

KLXI has been the topic of several research reports. BidaskClub lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks boosted their price objective on shares of KLX to $65.00 in a research note on Thursday, December 7th. Cowen reissued a “buy” rating and set a $67.00 price objective on shares of KLX in a research note on Thursday, December 14th. Finally, Jefferies Group reissued a “hold” rating and set a $63.00 price objective on shares of KLX in a research note on Tuesday, December 26th.

KLX (NASDAQ:KLXI) opened at $65.85 on Wednesday. KLX has a 52-week low of $42.45 and a 52-week high of $72.53. 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 cap of $3,320.00, a PE ratio of 43.61, a P/E/G ratio of 3.12 and a beta of 1.26.

KLX (NASDAQ:KLXI) last announced 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 net margin of 4.99% and a return on equity of 5.14%. The company had revenue of $456.70 million for the quarter, compared to analysts’ expectations of $442.26 million. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. research analysts forecast that KLX will post 2.86 EPS for the current fiscal year.

In related news, VP Heather Floyd sold 2,024 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $61.00, for a total transaction of $123,464.00. Following the sale, the vice president now owns 13,811 shares of the company’s stock, valued at $842,471. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total transaction of $121,380.00. Following the completion of the transaction, the director now owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here. Insiders own 1.77% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of KLXI. Wells Fargo & Company MN lifted its stake in shares of KLX by 17.5% in the second quarter. Wells Fargo & Company MN now owns 71,635 shares of the aerospace company’s stock worth $3,582,000 after buying an additional 10,654 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of KLX by 21.5% in the second quarter. New York State Common Retirement Fund now owns 71,802 shares of the aerospace company’s stock worth $3,590,000 after buying an additional 12,729 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of KLX by 2.2% in the second quarter. California Public Employees Retirement System now owns 112,100 shares of the aerospace company’s stock worth $5,605,000 after buying an additional 2,400 shares in the last quarter. Shelton Capital Management bought a new position in shares of KLX in the second quarter worth approximately $200,000. Finally, Gotham Asset Management LLC bought a new position in shares of KLX in the second quarter worth approximately $995,000.

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About KLX

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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