Kirby Corp. Given New $120.00 Price Target at Wunderlich (KEX)
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.
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