Kirby Corporation (NYSE:KEX) has earned an average rating of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $69.22.
A number of research firms have recently weighed in on KEX. BidaskClub raised shares of Kirby Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Cowen and Company restated a “hold” rating and issued a $70.00 target price on shares of Kirby Corporation in a report on Friday. Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price on shares of Kirby Corporation in a report on Friday. Zacks Investment Research downgraded shares of Kirby Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $85.00 target price on shares of Kirby Corporation in a report on Tuesday, May 30th.
A number of large investors have recently added to or reduced their stakes in KEX. BlackRock Inc. increased its stake in Kirby Corporation by 12,366.8% in the first quarter. BlackRock Inc. now owns 5,003,672 shares of the shipping company’s stock valued at $353,010,000 after buying an additional 4,963,536 shares in the last quarter. Teachers Advisors LLC increased its stake in Kirby Corporation by 1,434.7% in the fourth quarter. Teachers Advisors LLC now owns 796,749 shares of the shipping company’s stock valued at $52,984,000 after buying an additional 744,834 shares in the last quarter. FIL Ltd increased its stake in Kirby Corporation by 117.5% in the first quarter. FIL Ltd now owns 1,228,040 shares of the shipping company’s stock valued at $86,638,000 after buying an additional 663,539 shares in the last quarter. Norges Bank acquired a new stake in Kirby Corporation during the fourth quarter valued at about $41,891,000. Finally, Diamond Hill Capital Management Inc. increased its stake in Kirby Corporation by 46.3% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,777,366 shares of the shipping company’s stock valued at $118,817,000 after buying an additional 562,600 shares in the last quarter.
Kirby Corporation (NYSE KEX) traded up 0.65% during mid-day trading on Tuesday, hitting $62.40. 546,633 shares of the stock traded hands. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 28.64 and a beta of 1.03. The firm’s 50-day moving average is $65.30 and its 200-day moving average is $67.76. Kirby Corporation has a 12-month low of $50.80 and a 12-month high of $74.50.
Kirby Corporation (NYSE:KEX) last posted its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $473.33 million during the quarter, compared to analyst estimates of $478.85 million. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.88%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities research analysts expect that Kirby Corporation will post $2.03 EPS for the current year.
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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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