Share on StockTwits

Analysts at Wunderlich lifted their price target on shares of Kirby Corp. (NYSE:KEX) from $117.00 to $120.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price suggests a potential upside of 18.11% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated a “positive” rating on shares of Kirby Corp. in a research note on Friday, January 31st. Analysts at Global Hunter Securities downgraded shares of Kirby Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Kirby Corp. has a consensus rating of “Buy” and an average price target of $91.86.

Shares of Kirby Corp. (NYSE:KEX) opened at 101.60 on Wednesday. Kirby Corp. has a 52 week low of $71.44 and a 52 week high of $103.89. The stock has a 50-day moving average of $98.70 and a 200-day moving average of $91.23. The company has a market cap of $5.773 billion and a P/E ratio of 22.84.

Kirby Corp. (NYSE:KEX) last announced its earnings results on Wednesday, January 29th. The company reported $1.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.13. The company had revenue of $568.40 million for the quarter, compared to the consensus estimate of $554.75 million. During the same quarter last year, the company posted $1.03 earnings per share. Kirby Corp.’s revenue was up 10.9% compared to the same quarter last year. Analysts expect that Kirby Corp. will post $4.93 EPS for the current fiscal year.

In other Kirby Corp. news, Insider Gregory R. Binion sold 41,038 shares of the company’s stock on the open market in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.98, for a total transaction of $4,144,017.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.