Cowen reaffirmed their buy rating on shares of KLX (NASDAQ:KLXI) in a report issued on Thursday morning. Cowen currently has a $67.00 price objective on the aerospace company’s stock.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of KLX from a buy rating to a hold rating in a research report on Wednesday, December 6th. ValuEngine downgraded shares of KLX from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks raised their price target on shares of KLX to $65.00 in a research report on Thursday, December 7th. Jefferies Group reissued a hold rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised shares of KLX from a sell rating to a hold rating in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KLX presently has a consensus rating of Buy and a consensus target price of $59.80.

KLX (KLXI) traded up $1.90 during mid-day trading on Thursday, hitting $61.76. 2,142,976 shares of the stock were exchanged, compared to its average volume of 417,433. KLX has a twelve month low of $42.45 and a twelve month high of $61.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. The firm has a market capitalization of $3,000.72, a P/E ratio of 26.60, a P/E/G ratio of 3.49 and a beta of 1.31.

KLX (NASDAQ:KLXI) last released its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. KLX had a net margin of 4.99% and a return on equity of 5.14%. The business had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million. The company’s revenue was up 17.4% compared to the same quarter last year. research analysts forecast that KLX will post 2.85 EPS for the current fiscal year.

In other KLX news, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total value of $123,464.00. Following the completion of the transaction, the vice president now owns 13,811 shares of the company’s stock, valued at $842,471. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction 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 directly owns 7,083 shares of the company’s stock, valued at approximately $429,867.27. The disclosure for this sale can be found here. Insiders own 1.77% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 206 shares during the period. Bank of Montreal Can boosted its holdings in KLX by 1.4% in the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock worth $159,000 after purchasing an additional 43 shares during the period. Shelton Capital Management acquired a new position in KLX in the second quarter worth $200,000. Victory Capital Management Inc. acquired a new position in shares of KLX during the third quarter valued at $205,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of KLX during the second quarter valued at $212,000.

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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).

Analyst Recommendations for KLX (NASDAQ:KLXI)

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