Kirby Co. (NYSE:KEX) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $79.40.
Several research analysts recently issued reports on the company. Stephens reaffirmed a “hold” rating and set a $70.00 target price on shares of Kirby in a research report on Wednesday, January 10th. Zacks Investment Research raised Kirby from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, February 6th. Bank of America upped their target price on Kirby from $66.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. Gabelli started coverage on Kirby in a research report on Tuesday, January 16th. They set a “hold” rating and a $80.00 target price on the stock. Finally, Evercore ISI upgraded Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Thursday, February 1st.
Shares of Kirby (KEX) traded up $1.00 during trading hours on Friday, reaching $76.50. The company had a trading volume of 473,994 shares, compared to its average volume of 479,561. Kirby has a 12 month low of $59.25 and a 12 month high of $80.90. The firm has a market cap of $4,544.17, a price-to-earnings ratio of 14.22, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a quick ratio of 1.34, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.
Kirby (NYSE:KEX) last announced its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Kirby had a return on equity of 4.17% and a net margin of 14.14%. The company had revenue of $708.10 million for the quarter, compared to analyst estimates of $612.61 million. During the same period in the prior year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. equities analysts predict that Kirby will post 2.8 earnings per share for the current fiscal year.
In other news, insider Dorman Lynn Strahan sold 1,735 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $76.51, for a total value of $132,744.85. Following the sale, the insider now owns 28,484 shares in the company, valued at $2,179,310.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Monte J. Miller sold 2,336 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total value of $180,105.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,430 shares of company stock worth $854,762. Company insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of KEX. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Kirby by 79.8% in the third 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 during the last quarter. Advisory Services Network LLC boosted its position in Kirby by 4,295.2% during the fourth quarter. Advisory Services Network LLC now owns 2,725 shares of the shipping company’s stock worth $182,000 after purchasing an additional 2,663 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Kirby during the fourth quarter worth approximately $207,000. Trust Co purchased a new position in Kirby during the third quarter worth approximately $208,000. Finally, Boothbay Fund Management LLC purchased a new position in Kirby during the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
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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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