KLX Inc (KLXI) Given Average Recommendation of “Hold” by Analysts

KLX Inc (NASDAQ:KLXI) has received an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.00.

Several analysts have issued reports on KLXI shares. BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. ValuEngine cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th.

NASDAQ KLXI opened at $62.99 on Monday. KLX has a 1 year low of $44.06 and a 1 year high of $69.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.25 and a current ratio of 6.67. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.69 and a beta of 1.09.



KLX (NASDAQ:KLXI) last posted its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.23. KLX had a net margin of 4.20% and a return on equity of 8.77%. The business had revenue of $527.20 million for the quarter, compared to analysts’ expectations of $501.00 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. As a group, research analysts forecast that KLX will post 4.09 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of KLX by 60.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 206,927 shares of the aerospace company’s stock worth $12,991,000 after buying an additional 77,928 shares during the last quarter. Strs Ohio increased its holdings in shares of KLX by 161.8% in the 3rd quarter. Strs Ohio now owns 14,400 shares of the aerospace company’s stock worth $904,000 after buying an additional 8,900 shares during the last quarter. Aperio Group LLC increased its holdings in shares of KLX by 7.1% in the 3rd quarter. Aperio Group LLC now owns 36,424 shares of the aerospace company’s stock worth $2,287,000 after buying an additional 2,408 shares during the last quarter. Kassirer Asset Management Corp bought a new position in shares of KLX in the 3rd quarter worth $734,000. Finally, Havens Advisors LLC increased its holdings in shares of KLX by 51.0% in the 3rd quarter. Havens Advisors LLC now owns 151,000 shares of the aerospace company’s stock worth $9,480,000 after buying an additional 51,000 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

About KLX

KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.

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