Should Investors Be Buying KLX (NASDAQ:KLXI) Shares? RBC Capital Mkts Upgrades The Stock

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KLX (NASDAQ:KLXI) Stock Upgrade

The previous rating of a Underperform on shares of KLX (NASDAQ:KLXI) no longer valid. Analysts at RBC Capital Mkts have upgraded the stock rating to a respectable Sector Perform. The firm now has a target of $34 for KLXI.

From a total of 9 analysts covering KLX (NASDAQ:KLXI) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $56 while the lowest target price is $30. The mean of all analyst targets is $41.33 with a 21.62% above today’s ($32.89) stock price. KLX was the topic of 6 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on October 23 to “Underperform” rating. DA Davidson upgraded KLXI stock in a recent report from August 17 to “Buy” rating.

The stock increased 2.46% or $0.79 during the last trading session, striking $32.89. Approximately shares of stock traded hands. KLX Inc (NASDAQ:KLXI) has declined 20.25% since April 29, 2015 and is downtrending. It has underperformed by 20.05% the S&P500.

KLX Inc. is the distributor and service well-known provider of aerospace fasteners and consumables. The company has a market cap of $1.68 billion. The Firm offers ranges of aerospace hardware and consumables and inventory management services across the world. It has 75.31 P/E ratio. It operates in two divisions: Aerospace Solutions Group (ASG) segment and Energy Services Group (ESG) segment.

According to Zacks Investment Research, “KLX Inc. is a distributor and service provider of aerospace fasteners and consumables. The Company operates in two segments: Aerospace Solutions Group and Energy Services Group. The Aerospace Solutions Group provides fasteners, consumable products, and logistics services to aerospace customers. The Energy Services Group provides services and logistics for oil and gas drilling sites. It also provides aerospace hardware, and inventory management services. KLX Inc. is based in United States.” Get a free copy of the Zacks research report on KLX Inc (KLXI).

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