Kirby Corporation (NYSE:KEX) has been given an average rating of “Hold” by the ten analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $70.83.
KEX has been the topic of several research reports. Zacks Investment Research raised shares of Kirby Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub downgraded shares of Kirby Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $69.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Cowen and Company reissued a “hold” rating and set a $70.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Kirby Corporation in a report on Monday, October 16th.
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Shares of Kirby Corporation (NYSE:KEX) traded down $1.65 during trading on Monday, reaching $63.90. 323,685 shares of the company’s stock traded hands, compared to its average volume of 422,127. Kirby Corporation has a 52 week low of $59.25 and a 52 week high of $74.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.24. The stock has a market cap of $3,556.23, a P/E ratio of 31.21, a P/E/G ratio of 4.10 and a beta of 1.07.
Kirby Corporation (NYSE:KEX) last issued its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Kirby Corporation had a net margin of 5.88% and a return on equity of 4.68%. The company had revenue of $541.30 million for the quarter, compared to the consensus estimate of $517.54 million. During the same period last year, the firm posted $0.59 EPS. Kirby Corporation’s revenue for the quarter was up 24.5% on a year-over-year basis. sell-side analysts anticipate that Kirby Corporation will post 2.01 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Huntington National Bank boosted its holdings in shares of Kirby Corporation by 11.3% in the second quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 249 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Kirby Corporation in the second quarter valued at about $204,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Kirby Corporation in the second quarter valued at about $233,000. World Asset Management Inc boosted its holdings in shares of Kirby Corporation by 12.7% in the second quarter. World Asset Management Inc now owns 3,718 shares of the shipping company’s stock valued at $249,000 after acquiring an additional 418 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in Kirby Corporation by 70.8% during the second quarter. Riverhead Capital Management LLC now owns 3,929 shares of the shipping company’s stock worth $263,000 after buying an additional 1,629 shares in the last quarter.
Kirby Corporation Company Profile
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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