Kirby Corp. Hits New 52-Week High at $89.28 (KEX)
Shares of Kirby Corp. (NYSE:KEX) hit a new 52-week high during trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $89.28 and last traded at $88.38, with a volume of 148,633 shares trading hands. The stock had previously closed at $87.03.
Several analysts have recently commented on the stock. Analysts at FBR & Co. initiated coverage on shares of Kirby Corp. in a research note to investors on Thursday, October 10th. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Kirby Corp. in a research note to investors on Thursday, October 10th. They set an “outperform” rating and a $105.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $86.40.
Kirby Corp. has a one year low of $53.60 and a one year high of $89.28. The stock’s 50-day moving average is $85.26 and its 200-day moving average is $80.95. The company has a market cap of $5.030 billion and a price-to-earnings ratio of 21.33.
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 prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that Kirby Corp. will post $4.26 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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