Kirby Corp. Hits New 52-Week High at $88.71 (KEX)
Shares of Kirby Corp. (NYSE:KEX) hit a new 52-week high during trading on Monday, AR Network reports. The stock traded as high as $88.71 and last traded at $88.30, with a volume of 361,828 shares trading hands. The stock had previously closed at $86.76.
A number of analysts have recently weighed in on KEX shares. Analysts at Credit Suisse raised their price target on shares of Kirby Corp. (NYSE:KEX) from $85.00 to $90.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Kirby Corp. (NYSE:KEX) from $82.00 to $92.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Kirby Corp. (NYSE:KEX) from $79.00 to $90.00 in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock.
Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Kirby Corp. currently has an average rating of “Buy” and an average target price of $84.33.
In other Kirby Corp. news, Director William M. Lamont, Jr. sold 4,000 shares of Kirby Corp. stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $84.06, for a total value of $336,240.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Kirby Corp. has a 52 week low of $53.60 and a 52 week high of $88.71. The stock’s 50-day moving average is $84.01 and its 200-day moving average is $79.36. The company has a market cap of $5.002 billion and a price-to-earnings ratio of 21.26.
Kirby Corp. (NYSE:KEX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $563.91 million for the quarter, compared to the consensus estimate of $566.44 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Kirby Corp. will post $4.25 EPS for the current fiscal year.
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii.
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