Shares of KLX Inc. (NASDAQ:KLXI) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.05.
A number of equities analysts have recently commented on KLXI shares. Zacks Investment Research upgraded KLX from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, August 23rd. Jefferies Group reiterated a “hold” rating on shares of KLX in a research note on Friday, August 5th.
A number of large investors have recently added to or reduced their stakes in KLXI. Citadel Advisors LLC purchased a new stake in KLX during the second quarter worth $22,608,000. Fuller & Thaler Asset Management Inc. increased its stake in KLX by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,142,493 shares of the company’s stock worth $128,417,000 after buying an additional 690,876 shares during the period. Prudential Financial Inc. increased its stake in KLX by 1,154.8% in the first quarter. Prudential Financial Inc. now owns 510,385 shares of the company’s stock worth $16,405,000 after buying an additional 469,710 shares during the period. First Pacific Advisors LLC increased its stake in KLX by 206.3% in the second quarter. First Pacific Advisors LLC now owns 594,620 shares of the company’s stock worth $18,433,000 after buying an additional 400,470 shares during the period. Finally, Kingstown Capital Management L.P. increased its stake in KLX by 29.6% in the first quarter. Kingstown Capital Management L.P. now owns 1,750,000 shares of the company’s stock worth $56,245,000 after buying an additional 400,000 shares during the period. 99.44% of the stock is currently owned by institutional investors and hedge funds.
KLX (NASDAQ:KLXI) opened at 33.34 on Friday. The company’s market cap is $1.76 billion. KLX has a 12-month low of $25.33 and a 12-month high of $41.00. The firm’s 50-day moving average price is $34.97 and its 200-day moving average price is $33.45.
KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, August 24th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.22. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. The company had revenue of $391.40 million for the quarter, compared to analyst estimates of $402.30 million. Analysts expect that KLX will post $0.92 EPS for the current year.
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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