Kirby Price Target Raised to $135.00 at Jefferies Group (KEX)
Investment analysts at Jefferies Group lifted their price objective on shares of Kirby (NYSE:KEX) from $125.00 to $135.00 in a note issued to investors on Friday. Jefferies Group’s price objective would indicate a potential upside of 16.57% from the company’s current price.
Kirby (NYSE:KEX) traded down 0.56% during mid-day trading on Friday, hitting $115.81. 418,816 shares of the company’s stock traded hands. Kirby has a 1-year low of $79.33 and a 1-year 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 earnings data on Wednesday, July 30th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.08 earnings per share. Kirby’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Kirby will post $5.07 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target 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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