Today’s Stock Alert: KLX Inc Sets 52-Week High; Strong Momentum for Holders

Today's Stock Alert: KLX Inc Sets 52 Week High; Strong Momentum for Holders

The stock of KLX Inc (NASDAQ:KLXI) hit a new 52-week high and has $49.33 target or 25.00% above today’s $39.46 share price. The 6 months bullish chart indicates low risk for the $2.18B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $49.33 price target is reached, the company will be worth $545.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 506,792 shares traded hands or 70.17% up from the average. KLX Inc (NASDAQ:KLXI) has risen 23.82% since April 11, 2016 and is uptrending. It has outperformed by 17.68% the S&P500.

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. The stock of KLX Inc (NASDAQ:KLXI) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, August 26. DA Davidson upgraded KLX Inc (NASDAQ:KLXI) rating on Monday, August 17. DA Davidson has “Buy” rating and $48 price target. The stock has “Underperform” rating given by RBC Capital Markets on Friday, October 23. As per Friday, June 17, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Sector Perform” rating given on Wednesday, December 2 by RBC Capital Markets. The stock of KLX Inc (NASDAQ:KLXI) earned “Hold” rating by Deutsche Bank on Tuesday, May 24. The company was initiated on Wednesday, October 7 by Cantor Fitzgerald.

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: Marketwatch.com which released: “KLX upgraded to overweight from sector weight at KeyBanc Capital” on December 18, 2014, also Globenewswire.com with their article: “KLX Inc. Acquires Aftermarket Aerospace Distribution Business” published on May 17, 2016, Fool.com published: “Shares of KLX Inc. Plunge 17% After Steep Revenue and Profit Declines” on May 23, 2016. More interesting news about KLX Inc (NASDAQ:KLXI) were released by: Bizjournals.com and their article: “Publicly traded aerospace firm to create hundreds of jobs at new HQ” published on October 26, 2016 as well as Globenewswire.com‘s news article titled: “KLX Inc. Announces Major New Business Award” with publication date: October 20, 2016.

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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