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Shares of Kirby (NYSE:KEX) reached a new 52-week high on Tuesday , American Banking News reports. The company traded as high as $121.55 and last traded at $121.24, with a volume of 69,023 shares changing hands. The stock had previously closed at $120.82.

A number of analysts have recently weighed in on KEX shares. Analysts at RBC Capital raised their price target on shares of Kirby from $127.00 to $135.00 in a research note on Friday, August 1st. Separately, analysts at Jefferies Group raised their price target on shares of Kirby from $125.00 to $135.00 in a research note on Friday, August 1st. Finally, analysts at Credit Suisse raised their price target on shares of Kirby from $115.00 to $130.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Kirby currently has a consensus rating of “Buy” and an average target price of $134.17.

The stock has a 50-day moving average of $117. and a 200-day moving average of $108.0. The company has a market cap of $6.898 billion and a price-to-earnings ratio of 25.49.

Kirby (NYSE:KEX) last announced its 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 $5.11 earnings per share 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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