Shares of Kirby Co. (NYSE:KEX) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $86.44.
A number of equities research analysts have commented on the company. ValuEngine cut Kirby from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Stifel Nicolaus raised their price objective on Kirby from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research raised Kirby from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Wednesday, May 2nd. Wells Fargo & Co raised their price objective on Kirby from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 1st. Finally, OTR Global raised Kirby to a “positive” rating in a research note on Thursday, March 29th.
Kirby traded down $0.05, hitting $86.40, during trading hours on Friday, according to MarketBeat. 190,714 shares of the company’s stock were exchanged, compared to its average volume of 319,175. Kirby has a 1-year low of $59.25 and a 1-year high of $94.05. The stock has a market capitalization of $5.16 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.29.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, April 25th. The shipping company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. Kirby had a return on equity of 4.35% and a net margin of 12.91%. The business had revenue of $741.70 million during the quarter, compared to analysts’ expectations of $690.64 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 50.8% on a year-over-year basis. equities analysts expect that Kirby will post 2.98 earnings per share for the current year.
In related news, VP Amy D. Husted sold 2,200 shares of Kirby stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $91.68, for a total transaction of $201,696.00. Following the transaction, the vice president now owns 16,716 shares of the company’s stock, valued at $1,532,522.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ronald A. Dragg sold 930 shares of Kirby stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $85.69, for a total value of $79,691.70. Following the transaction, the vice president now directly owns 11,468 shares in the company, valued at approximately $982,692.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 307,588 shares of company stock worth $27,252,939. 2.40% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in Kirby during the first quarter worth $193,000. Trust Co bought a new stake in Kirby during the first quarter worth $210,000. Quantitative Systematic Strategies LLC bought a new stake in Kirby during the first quarter worth $222,000. Campbell & CO Investment Adviser LLC bought a new stake in Kirby during the second quarter worth $225,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Kirby during the first quarter worth $269,000. 92.17% of the stock is currently owned by institutional investors.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
Further Reading: Earnings Per Share
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