KLX (KLXI) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports
News articles about KLX (NASDAQ:KLXI) have trended somewhat positive recently, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KLX earned a coverage optimism score of 0.22 on Alpha One’s scale. Alpha One also gave press coverage about the aerospace company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Alpha One’s analysis:
- KLX Inc (KLXI) Upgraded by BidaskClub to Strong-Buy (americanbankingnews.com)
- KLX Inc. (KLXI) VP Sells $23,831.24 in Stock (americanbankingnews.com)
- Earnings Highlights and Review: HEICO Announced Record Quarterly Sales and Earnings (finance.yahoo.com)
- ETFs with exposure to KLX, Inc. : June 12, 2017 (finance.yahoo.com)
- TheStreet Upgrades KLX Inc (KLXI) to B- (americanbankingnews.com)
Shares of KLX (NASDAQ:KLXI) traded down 1.23% during trading on Friday, hitting $49.88. 750,958 shares of the stock were exchanged. KLX has a one year low of $29.28 and a one year high of $53.13. The stock’s 50 day moving average price is $48.88 and its 200-day moving average price is $47.34. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 40.55 and a beta of 1.27.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. KLX had a net margin of 4.24% and a return on equity of 3.99%. The firm had revenue of $411.30 million for the quarter, compared to analyst estimates of $409.95 million. On average, analysts predict that KLX will post $1.84 EPS for the current year.
A number of brokerages have recently commented on KLXI. Cowen and Company reaffirmed an “outperform” rating and set a $52.00 target price on shares of KLX in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of KLX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 18th. BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. TheStreet raised shares of KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG raised their target price on shares of KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. KLX has a consensus rating of “Buy” and an average target price of $52.67.
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In other news, insider Roger Mark Franks sold 2,447 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $47.70, for a total value of $116,721.90. Following the transaction, the insider now directly owns 21,444 shares in the company, valued at approximately $1,022,878.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.77% 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).
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