Shares of Kirby Corp. (NYSE:KEX) have received an average rating of “Hold” from the fourteen analysts that are covering the firm. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $61.50.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Co. downgraded shares of Kirby Corp. from a “market perform” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a research note on Monday, July 25th. Seaport Global Securities assumed coverage on shares of Kirby Corp. in a research note on Thursday, November 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Zacks Investment Research downgraded shares of Kirby Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Stifel Nicolaus increased their price objective on shares of Kirby Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Finally, RBC Capital Markets upgraded shares of Kirby Corp. from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $55.00 to $68.00 in a research note on Tuesday, September 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Group LTD raised its position in Kirby Corp. by 31.7% in the first quarter. BlackRock Group LTD now owns 16,499 shares of the company’s stock valued at $995,000 after buying an additional 3,969 shares during the last quarter. State Street Corp raised its position in Kirby Corp. by 0.6% in the first quarter. State Street Corp now owns 1,517,214 shares of the company’s stock valued at $91,468,000 after buying an additional 8,771 shares during the last quarter. Geode Capital Management LLC raised its position in Kirby Corp. by 4.3% in the first quarter. Geode Capital Management LLC now owns 328,135 shares of the company’s stock valued at $19,783,000 after buying an additional 13,670 shares during the last quarter. Nuveen Asset Management LLC raised its position in Kirby Corp. by 52.3% in the first quarter. Nuveen Asset Management LLC now owns 35,216 shares of the company’s stock valued at $2,123,000 after buying an additional 12,100 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Kirby Corp. by 2.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 48,824 shares of the company’s stock valued at $2,944,000 after buying an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Shares of Kirby Corp. (NYSE:KEX) opened at 63.55 on Tuesday. The company’s 50 day moving average is $60.07 and its 200-day moving average is $61.14. The company has a market capitalization of $3.42 billion, a P/E ratio of 21.45 and a beta of 1.03. Kirby Corp. has a 1-year low of $44.63 and a 1-year high of $73.25.

Kirby Corp. (NYSE:KEX) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $434.70 million for the quarter, compared to the consensus estimate of $274.21 million. Kirby Corp. had a net margin of 8.78% and a return on equity of 6.85%. The business’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts forecast that Kirby Corp. will post $2.60 EPS for the current year.

Kirby Corp. Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii.

5 Day Chart for NYSE:KEX

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