Kirby Corp. Now Covered by FBR & Co. (KEX)
Research analysts at FBR & Co. began coverage on shares of Kirby Corp. (NYSE:KEX) in a report released on Thursday, AnalystRatings.Net reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets initiated coverage on shares of Kirby Corp. in a research note to investors on Thursday. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Kirby Corp. 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. Finally, analysts at Wunderlich raised their price target on shares of Kirby Corp. 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $86.40.
Kirby Corp. (NYSE:KEX) opened at 83.09 on Thursday. Kirby Corp. has a one year low of $53.60 and a one year high of $89.19. The stock has a 50-day moving average of $84.76 and a 200-day moving average of $80.58. The company has a market cap of $4.717 billion and a price-to-earnings ratio of 20.37.
Kirby Corp. (NYSE:KEX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Kirby Corp. will post $4.25 earnings per share 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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