Kirby Co. (KEX) Receives Average Recommendation of “Hold” from Analysts
Kirby Co. (NYSE:KEX) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $79.40.
Several equities research analysts have commented on the company. Stephens set a $89.00 price target on Kirby and gave the stock a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded Kirby from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, February 6th. Evercore ISI upgraded Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, February 1st. Bank of America upped their price target on Kirby from $66.00 to $69.00 and gave the stock an “underperform” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co upgraded Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Monday, January 22nd.
In other news, VP David R. Mosley sold 5,694 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $73.37, for a total value of $417,768.78. Following the completion of the sale, the vice president now owns 17,692 shares in the company, valued at $1,298,062.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dorman Lynn Strahan sold 1,665 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $74.56, for a total value of $124,142.40. The disclosure for this sale can be found here. Insiders have sold 11,430 shares of company stock valued at $854,762 over the last 90 days. 2.70% of the stock is currently owned by insiders.
Kirby (NYSE KEX) opened at $76.40 on Friday. The company has a market capitalization of $4,559.09, a price-to-earnings ratio of 14.20, a P/E/G ratio of 2.17 and a beta of 0.97. Kirby has a 12 month low of $59.25 and a 12 month high of $80.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.34.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $708.10 million during the quarter, compared to analyst estimates of $612.61 million. Kirby had a return on equity of 4.17% and a net margin of 14.14%. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. equities analysts predict that Kirby will post 2.82 EPS for the current fiscal year.
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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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