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Equities researchers at FBR Capital Markets upped their price target on shares of Kirby (NYSE:KEX) from $135.00 to $145.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 22.28% from the stock’s previous close.

Shares of Kirby (NYSE:KEX) traded up 1.79% during mid-day trading on Monday, hitting $118.58. 350,294 shares of the company’s stock traded hands. Kirby has a one year low of $79.33 and a one year high of $119.59. The stock has a 50-day moving average of $114.6 and a 200-day moving average of $104.8. The company has a market cap of $6.757 billion and a P/E ratio of 25.68.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.06. On average, analysts predict that Kirby will post $5.01 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Kirby from $122.00 to $127.00 in a research note on Thursday, June 19th. Separately, analysts at Wunderlich raised their price target on shares of Kirby from $120.00 to $130.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Kirby from $115.00 to $125.00 in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Kirby has a consensus rating of “Buy” and a consensus price target of $119.68.

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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