Kirby Sets New 1-Year High at $121.48 (KEX)
Kirby (NYSE:KEX) hit a new 52-week high during trading on Thursday , StockRatingsNetwork.com reports. The company traded as high as $121.48 and last traded at $120.91, with a volume of 154,997 shares traded. The stock had previously closed at $119.80.
A number of analysts have recently weighed in on KEX shares. Analysts at Zacks upgraded shares of Kirby from a “neutral” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $120.40 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Kirby from $135.00 to $145.00 in a research note on Monday, July 14th. They now have an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $119.68.
The stock’s 50-day moving average is $116.2 and its 200-day moving average is $105.8. The company has a market cap of $6.898 billion and a P/E ratio of 26.41.
Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.06. Analysts expect that Kirby will post $5.02 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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