Kirby Corporation (KEX) Receives Consensus Recommendation of “Hold” from Analysts
Kirby Corporation (NYSE:KEX) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $70.83.
A number of research firms have recently weighed in on KEX. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Kirby Corporation in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Kirby Corporation in a report on Monday, October 16th. BidaskClub upgraded Kirby Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Kirby Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reiterated a “hold” rating and issued a $70.00 price objective on shares of Kirby Corporation in a report on Friday, July 28th.
Shares of Kirby Corporation (NYSE KEX) opened at $67.15 on Monday. The stock has a market capitalization of $3,626.44, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 4.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.24.
Kirby Corporation (NYSE:KEX) last released its earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $541.30 million during the quarter, compared to the consensus estimate of $517.54 million. Kirby Corporation had a return on equity of 4.68% and a net margin of 5.88%. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. equities analysts forecast that Kirby Corporation will post 2 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of KEX. Prudential Financial Inc. grew its stake in Kirby Corporation by 6.7% in the first quarter. Prudential Financial Inc. now owns 33,300 shares of the shipping company’s stock valued at $2,349,000 after acquiring an additional 2,100 shares during the period. FMR LLC grew its stake in Kirby Corporation by 4.4% in the first quarter. FMR LLC now owns 14,300 shares of the shipping company’s stock valued at $1,009,000 after acquiring an additional 600 shares during the period. UBS Group AG grew its stake in Kirby Corporation by 102.7% in the first quarter. UBS Group AG now owns 7,915 shares of the shipping company’s stock valued at $558,000 after acquiring an additional 297,806 shares during the period. Morgan Stanley grew its stake in Kirby Corporation by 22.9% in the first quarter. Morgan Stanley now owns 126,244 shares of the shipping company’s stock valued at $8,906,000 after acquiring an additional 23,498 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Kirby Corporation in the first quarter valued at about $334,000.
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About Kirby Corporation
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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