Kirby Given New $135.00 Price Target at RBC Capital (KEX)
Research analysts at RBC Capital hoisted their price target on shares of Kirby (NYSE:KEX) from $127.00 to $135.00 in a report released on Friday. RBC Capital’s price target suggests a potential upside of 16.57% from the stock’s previous close.
Kirby (NYSE:KEX) traded down 0.56% during mid-day trading on Friday, hitting $115.81. The stock had a trading volume of 418,816 shares. Kirby has a 52-week low of $79.33 and a 52-week high of $121.48. The stock’s 50-day moving average is $116. and its 200-day moving average is $106.7. The company has a market cap of $6.590 billion and a P/E ratio of 24.55.
Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.01. The company had revenue of $628.05 million for the quarter, compared to the consensus estimate of $614.10 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Kirby will post $5.07 earnings per share 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 from $125.00 to $135.00 in a research note on Friday. Separately, analysts at Credit Suisse raised their price target on shares of Kirby from $115.00 to $130.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kirby has a consensus rating of “Buy” and a consensus target price of $132.20.
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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