Press coverage about KLX (NASDAQ:KLXI) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. KLX earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 47.0369472914457 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- KLX Inc. (KLXI) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Head to Head Contrast: KLX (KLXI) & Its Competitors (americanbankingnews.com)
- Ingersoll-Rand PLC (Ireland) (IR) versus KLX (KLXI) Critical Analysis (americanbankingnews.com)
- Contrasting KLX (KLXI) & Its Competitors (americanbankingnews.com)
- Head-To-Head Comparison: American Outdoor Brands Corporation (AOBC) versus KLX (KLXI) (americanbankingnews.com)
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of KLX in a research note on Thursday, August 24th. TheStreet raised shares of KLX from a “c+” rating to a “b-” rating in a research note on Wednesday, June 7th. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price objective (down previously from $55.00) on shares of KLX in a research note on Thursday, August 24th. Finally, BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.17.
Shares of KLX (KLXI) opened at 48.24 on Friday. The firm’s 50-day moving average is $49.14 and its 200-day moving average is $48.53. The company has a market cap of $2.48 billion, a PE ratio of 32.59 and a beta of 1.29. KLX has a 12 month low of $32.23 and a 12 month high of $54.40.
KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. KLX had a net margin of 4.83% and a return on equity of 4.43%. The business had revenue of $430.60 million for the quarter, compared to analyst estimates of $423.08 million. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that KLX will post $3.07 earnings per share for the current year.
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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).
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