Kirby Receives Average Rating of “Buy” from Brokerages (NYSE:KEX)
Shares of Kirby (NYSE:KEX) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, StockRatingsNetwork reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $134.17.
Shares of Kirby (NYSE:KEX) opened at 121.38 on Tuesday. Kirby has a one year low of $79.33 and a one year high of $121.48. The stock’s 50-day moving average is $117. and its 200-day moving average is $108.0. The company has a market cap of $6.926 billion and a P/E ratio of 25.49.
Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on KEX. 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.
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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