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Kirby Corp. (NYSE:KEX) was downgraded by research analysts at Global Hunter Securities from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports.

Shares of Kirby Corp. (NYSE:KEX) opened at 96.94 on Monday. Kirby Corp. has a 52 week low of $61.89 and a 52 week high of $99.41. The stock’s 50-day moving average is $94.86 and its 200-day moving average is $87.41. The company has a market cap of $5.508 billion and a price-to-earnings ratio of 22.28.

Kirby Corp. (NYSE:KEX) last issued its quarterly earnings data on Monday, October 28th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.01. The company had revenue of $551.10 million for the quarter, compared to the consensus estimate of $573.20 million. During the same quarter last year, the company posted $0.95 earnings per share. Kirby Corp.’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Kirby Corp. will post $4.26 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Kirby Corp. from $96.00 to $104.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Kirby Corp. from $92.00 to $99.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Kirby Corp. has an average rating of “Buy” and a consensus target price of $88.22.

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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