Shares of Kirby Co. (NYSE:KEX) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $79.40.
A number of research analysts have issued reports on the stock. Stephens reissued a “hold” rating and set a $70.00 target price on shares of Kirby in a research note on Wednesday, January 10th. Evercore ISI raised shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, February 1st. Zacks Investment Research raised shares of Kirby from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, February 6th. Wells Fargo & Co raised shares of Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 target price for the company in a research note on Monday, January 22nd. Finally, Bank of America boosted their target price on shares of Kirby from $66.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st.
In other Kirby news, Director Monte J. Miller sold 2,336 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $77.10, for a total transaction of $180,105.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dorman Lynn Strahan sold 1,665 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $74.56, for a total transaction of $124,142.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,430 shares of company stock worth $854,762 over the last 90 days. 2.40% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in KEX. Crossmark Global Holdings Inc. bought a new stake in shares of Kirby during the 3rd quarter worth about $432,000. Chicago Equity Partners LLC bought a new stake in shares of Kirby during the 3rd quarter worth about $293,000. Principal Financial Group Inc. raised its position in shares of Kirby by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 341,089 shares of the shipping company’s stock worth $22,495,000 after buying an additional 1,154 shares in the last quarter. Sei Investments Co. raised its position in shares of Kirby by 30.4% during the 3rd quarter. Sei Investments Co. now owns 33,452 shares of the shipping company’s stock worth $2,207,000 after buying an additional 7,806 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in shares of Kirby by 10.8% in the 3rd quarter. Rothschild Asset Management Inc. now owns 179,565 shares of the shipping company’s stock worth $11,842,000 after purchasing an additional 17,449 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.
Kirby (KEX) traded up $0.15 during trading on Friday, reaching $76.55. 90,282 shares of the company’s stock were exchanged, compared to its average volume of 478,156. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.34. The firm has a market cap of $4,630.70, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. Kirby has a 52-week low of $59.25 and a 52-week high of $80.90.
Kirby (NYSE:KEX) last posted its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $708.10 million during the quarter, compared to analyst estimates of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.17%. Kirby’s revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. research analysts anticipate that Kirby will post 2.82 earnings per share for the current year.
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Kirby Company Profile
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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