Live Stock Coverage: What’s Propelling KLX Inc to Increase So Much?

Live Stock Coverage: What's Propelling KLX Inc to Increase So Much?

The stock of KLX Inc (NASDAQ:KLXI) is a huge mover today! About 226,969 shares traded hands. KLX Inc (NASDAQ:KLXI) has risen 17.61% since March 2, 2016 and is uptrending. It has outperformed by 9.35% the S&P500.
The move comes after 8 months positive chart setup for the $1.84 billion company. It was reported on Oct, 5 by Barchart.com. We have $44.76 PT which if reached, will make NASDAQ:KLXI worth $460.00 million more.

KLX Inc (NASDAQ:KLXI) Ratings Coverage

Out of 7 analysts covering KLX (NASDAQ:KLXI), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. KLX has been the topic of 10 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained KLX Inc (NASDAQ:KLXI) on Tuesday, May 24 with “Hold” rating. On Wednesday, December 2 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, October 23 report. The stock of KLX Inc (NASDAQ:KLXI) has “Sector Perform” rating given on Wednesday, August 26 by RBC Capital Markets. On Monday, August 17 the stock rating was upgraded by DA Davidson to “Buy”. The stock of KLX Inc (NASDAQ:KLXI) earned “Overweight” rating by KeyBanc Capital Markets on Friday, June 17. Cantor Fitzgerald initiated the shares of KLXI in a report on Wednesday, October 7 with “Buy” rating.

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.”

More notable recent KLX Inc (NASDAQ:KLXI) news were published by: Globenewswire.com which released: “KLX Inc. Acquires Aftermarket Aerospace Distribution Business” on May 17, 2016, also Fool.com with their article: “Shares of KLX Inc. Plunge 17% After Steep Revenue and Profit Declines” published on May 23, 2016, Marketwatch.com published: “KLX upgraded to overweight from sector weight at KeyBanc Capital” on December 18, 2014. More interesting news about KLX Inc (NASDAQ:KLXI) were released by: Fool.com and their article: “Shares of KLX Inc. Plunge 18% After Announcement of $435 Million Charge” published on November 12, 2015 as well as Quotes.Wsj.com‘s news article titled: “News KLX Inc.KLXI” with publication date: December 17, 2014.

KLXI Company Profile

KLX Inc. (KLX), incorporated on July 31, 2014, is the distributor and service well-known provider of aerospace fasteners and consumables. The Firm offers ranges of aerospace hardware and consumables and inventory management services across the world. The Firm operates through two divisions: Aerospace Solutions Group (ASG) and Energy Services Group (ESG). Through the Company’s global facilities network and information technology systems, it offers service to commercial airlines, business jet and defense original equipment manufacturers and their subcontractors (OEMs), maintenance, repair and overhaul (MRO) operators, and fixed base operators (FBOs). The Company’s systems support both internal distribution processes, along with customer services, including just-in-time (JIT) deliveries and kitting solutions.

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