BidaskClub upgraded shares of KLX (NASDAQ:KLXI) from a buy rating to a strong-buy rating in a report published on Saturday morning.

Several other research firms have also weighed in on KLXI. Cowen reiterated a buy rating and set a $57.00 price objective on shares of KLX in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of KLX from a sell rating to a hold rating in a research note on Tuesday, October 24th. Jefferies Group reiterated a hold rating and set a $63.00 price objective on shares of KLX in a research note on Tuesday, December 26th. SunTrust Banks increased their price objective on shares of KLX to $65.00 in a research note on Thursday, December 7th. Finally, Buckingham Research lowered shares of KLX from a buy rating to a neutral rating in a research note on Tuesday, December 26th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $64.80.

KLX (KLXI) opened at $69.68 on Friday. The company has a market cap of $3,510.00, a PE ratio of 46.15, a PEG ratio of 4.36 and a beta of 1.32. KLX has a 12-month low of $42.45 and a 12-month high of $71.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91.

KLX (NASDAQ:KLXI) last released its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.10. The firm had revenue of $456.70 million for the quarter, compared to analyst estimates of $442.26 million. KLX had a net margin of 4.99% and a return on equity of 5.14%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. 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 the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 13,811 shares in the company, valued at $842,471. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.69, for a total transaction of $121,380.00. Following the completion of the sale, 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. 1.77% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after purchasing an additional 206 shares during the period. Shelton Capital Management acquired a new stake in shares of KLX in the second quarter valued at approximately $200,000. Victory Capital Management Inc. acquired a new stake in shares of KLX in the third quarter valued at approximately $205,000. Cubist Systematic Strategies LLC acquired a new stake in shares of KLX in the third quarter valued at approximately $217,000. Finally, Sciencast Management LP increased its stake in shares of KLX by 4.3% in the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 196 shares during the period.

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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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