Kirby (NYSE:KEX)‘s stock had its “hold” rating reissued by Stephens in a report issued on Wednesday. They currently have a $70.00 target price on the shipping company’s stock. Stephens’ price target points to a potential downside of 0.99% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price objective on shares of Kirby in a research report on Friday, November 3rd. Jefferies Group began coverage on shares of Kirby in a research report on Monday, December 18th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $74.50.

Shares of Kirby (KEX) opened at $70.70 on Wednesday. The firm has a market cap of $4,210.00, a PE ratio of 33.67, a P/E/G ratio of 3.56 and a beta of 1.04. Kirby 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 0.36, a current ratio of 1.93 and a quick ratio of 1.23.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The firm had revenue of $541.30 million for the quarter, compared to the consensus estimate of $517.54 million. Kirby had a net margin of 5.88% and a return on equity of 4.48%. Kirby’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. equities analysts predict that Kirby will post 2.03 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Fruth Investment Management raised its position in shares of Kirby by 15.0% during the 4th quarter. Fruth Investment Management now owns 21,850 shares of the shipping company’s stock worth $1,459,000 after buying an additional 2,846 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Kirby by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 115,035 shares of the shipping company’s stock worth $7,587,000 after buying an additional 4,735 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Kirby during the 3rd quarter worth about $239,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Kirby by 79.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after buying an additional 857 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Kirby during the 3rd quarter worth about $310,000. Institutional investors own 96.58% of the company’s stock.

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Kirby 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.

Analyst Recommendations for Kirby (NYSE:KEX)

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