KLX Inc (NASDAQ:KLXI): SunTrust Robinson Keeps Buy Rating Today, Has a Target of $78.0/Share

April 20, 2018 - By Linda Rogers

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KLX Inc (NASDAQ:KLXI) Rating Reaffirmed

SunTrust Robinson now has a $78.0 price target on the $3.68 billion market cap company or 7.53 % upside potential. In analysts note revealed on 26 December, KLX Inc (NASDAQ:KLXI) shares have had their Buy Rating restate by equity analysts at SunTrust Robinson.

KLX Inc. (NASDAQ:KLXI) Ratings Coverage

Among 3 analysts covering KLX Inc (NASDAQ:KLXI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. KLX Inc has $78.0 highest and $51.0 lowest target. $75’s average target is 3.39% above currents $72.54 stock price. KLX Inc had 8 analyst reports since October 27, 2017 according to SRatingsIntel. Jefferies upgraded the shares of KLXI in report on Wednesday, March 7 to “Buy” rating. Jefferies maintained KLX Inc. (NASDAQ:KLXI) rating on Monday, January 8. Jefferies has “Hold” rating and $73.0 target. Jefferies maintained the stock with “Hold” rating in Friday, October 27 report. SunTrust maintained it with “Buy” rating and $78.0 target in Tuesday, December 26 report. The stock of KLX Inc. (NASDAQ:KLXI) has “Buy” rating given on Wednesday, December 6 by SunTrust. Jefferies maintained the stock with “Hold” rating in Wednesday, December 6 report. The stock of KLX Inc. (NASDAQ:KLXI) earned “Buy” rating by Cowen & Co on Monday, January 22. The company was maintained on Tuesday, December 26 by Jefferies.

The stock decreased 1.47% or $1.08 during the last trading session, reaching $72.54. About 212,628 shares traded. KLX Inc. (NASDAQ:KLXI) has risen 59.47% since April 20, 2017 and is uptrending. It has outperformed by 47.92% the S&P500.

Analysts await KLX Inc. (NASDAQ:KLXI) to report earnings on May, 23. They expect $0.93 EPS, up 158.33 % or $0.57 from last year’s $0.36 per share. KLXI’s profit will be $47.19 million for 19.50 P/E if the $0.93 EPS becomes a reality. After $0.88 actual EPS reported by KLX Inc. for the previous quarter, Wall Street now forecasts 5.68 % EPS growth.

KLX Inc., together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The company has market cap of $3.68 billion. It operates in two divisions, Aerospace Solutions Group and Energy Services Group (ESG). It has a 69.75 P/E ratio. The ASG segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; and bearings, tooling, electrical components, and clamps.

KLX Inc. (NASDAQ:KLXI) Ratings Chart

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