Stock analysts at SunTrust Banks Inc. assumed coverage on shares of KLX Inc. (NASDAQ:KLXI) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $53.00 price target on the stock. SunTrust Banks Inc.’s price objective would indicate a potential upside of 12.77% from the stock’s previous close.
Several other equities research analysts also recently commented on KLXI. Zacks Investment Research downgraded KLX from a “hold” rating to a “strong sell” rating in a report on Thursday, December 22nd. Deutsche Bank AG raised their target price on KLX from $39.00 to $43.00 and gave the company a “hold” rating in a report on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. KLX currently has an average rating of “Hold” and an average price target of $41.00.
Shares of KLX (NASDAQ:KLXI) opened at 47.00 on Thursday. The firm has a 50-day moving average price of $45.31 and a 200-day moving average price of $37.37. The stock has a market cap of $2.47 billion, a PE ratio of 97.92 and a beta of 1.24. KLX has a 52 week low of $25.33 and a 52 week high of $48.35.
KLX (NASDAQ:KLXI) last released its quarterly earnings data on Thursday, December 8th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $389 million for the quarter, compared to the consensus estimate of $384.83 million. KLX had a return on equity of 3.92% and a net margin of 1.68%. On average, analysts forecast that KLX will post $0.95 earnings per share for the current fiscal year.
In other KLX news, VP Heather Floyd sold 5,019 shares of KLX stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $47.21, for a total transaction of $236,946.99. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently bought and sold shares of KLXI. Tower Research Capital LLC TRC acquired a new stake in KLX during the second quarter valued at about $114,000. Virginia Retirement Systems ET AL acquired a new stake in KLX during the second quarter valued at about $307,000. Vanguard Group Inc. increased its stake in KLX by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,826,929 shares of the company’s stock valued at $118,635,000 after buying an additional 162,500 shares in the last quarter. Principal Financial Group Inc. increased its stake in KLX by 13.0% in the second quarter. Principal Financial Group Inc. now owns 196,808 shares of the company’s stock valued at $6,100,000 after buying an additional 22,593 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in KLX by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 7,367 shares of the company’s stock valued at $228,000 after buying an additional 893 shares in the last quarter. Institutional investors own 99.90% of the company’s stock.
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).