Jefferies Group LLC Reaffirms “Buy” Rating for Kirby Corporation (KEX)

Jefferies Group LLC reiterated their buy rating on shares of Kirby Corporation (NYSE:KEX) in a research note issued to investors on Monday. The firm currently has a $85.00 price target on the shipping company’s stock.

A number of other equities analysts have also recently weighed in on the company. BidaskClub raised Kirby Corporation from a strong sell rating to a sell rating in a report on Saturday, August 26th. Zacks Investment Research cut Kirby Corporation from a strong-buy rating to a hold rating in a report on Tuesday, August 1st. Cowen and Company reissued a hold rating and issued a $70.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. Finally, Stifel Nicolaus reissued a hold rating and issued a $69.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Kirby Corporation currently has a consensus rating of Hold and a consensus price target of $71.71.

Shares of Kirby Corporation (NYSE KEX) traded down 0.91% during mid-day trading on Monday, reaching $65.40. The company’s stock had a trading volume of 45,189 shares. Kirby Corporation has a 1-year low of $55.11 and a 1-year high of $74.50. The firm has a market capitalization of $3.53 billion, a P/E ratio of 29.97 and a beta of 1.01. The company’s 50-day moving average is $64.58 and its 200 day moving average is $65.72.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The company had revenue of $473.33 million during the quarter, compared to analysts’ expectations of $478.85 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that Kirby Corporation will post $1.96 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/19/jefferies-group-llc-reaffirms-buy-rating-for-kirby-corporation-kex.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 purchasing an additional 4,963,536 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in Kirby Corporation by 5.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,472,441 shares of the shipping company’s stock valued at $298,983,000 after purchasing an additional 213,303 shares during the last quarter. Vanguard Group Inc. increased its stake in Kirby Corporation by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,356,474 shares of the shipping company’s stock valued at $291,231,000 after purchasing an additional 197,084 shares during the last quarter. Baillie Gifford & Co. increased its stake in Kirby Corporation by 1.8% in the second quarter. Baillie Gifford & Co. now owns 3,212,470 shares of the shipping company’s stock valued at $214,754,000 after purchasing an additional 55,935 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Kirby Corporation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,927,962 shares of the shipping company’s stock valued at $128,885,000 after purchasing an

A number of other equities analysts have also recently weighed in on the company. BidaskClub raised Kirby Corporation from a strong sell rating to a sell rating in a report on Saturday, August 26th. Zacks Investment Research cut Kirby Corporation from a strong-buy rating to a hold rating in a report on Tuesday, August 1st. Cowen and Company reissued a hold rating and issued a $70.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. Finally, Stifel Nicolaus reissued a hold rating and issued a $69.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Kirby Corporation currently has a consensus rating of Hold and a consensus price target of $71.71.

Shares of Kirby Corporation (NYSE KEX) traded down 0.91% during mid-day trading on Monday, reaching $65.40. The company’s stock had a trading volume of 45,189 shares. Kirby Corporation has a 1-year low of $55.11 and a 1-year high of $74.50. The firm has a market capitalization of $3.53 billion, a P/E ratio of 29.97 and a beta of 1.01. The company’s 50-day moving average is $64.58 and its 200 day moving average is $65.72.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The company had revenue of $473.33 million during the quarter, compared to analysts’ expectations of $478.85 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that Kirby Corporation will post $1.96 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/19/jefferies-group-llc-reaffirms-buy-rating-for-kirby-corporation-kex.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 purchasing an additional 4,963,536 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in Kirby Corporation by 5.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,472,441 shares of the shipping company’s stock valued at $298,983,000 after purchasing an additional 213,303 shares during the last quarter. Vanguard Group Inc. increased its stake in Kirby Corporation by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,356,474 shares of the shipping company’s stock valued at $291,231,000 after purchasing an additional 197,084 shares during the last quarter. Baillie Gifford & Co. increased its stake in Kirby Corporation by 1.8% in the second quarter. Baillie Gifford & Co. now owns 3,212,470 shares of the shipping company’s stock valued at $214,754,000 after purchasing an additional 55,935 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Kirby Corporation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,927,962 shares of the shipping company’s stock valued at $128,885,000 after purchasing an additional 24,514 shares during the last quarter.

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.

Analyst Recommendations for Kirby Corporation (NYSE:KEX)

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