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Shares of Kirby (NYSE:KEX) have been given an average rating of “Buy” by the eight ratings firms that are covering the stock, StockRatingsNetwork reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $134.17.

Kirby (NYSE:KEX) opened at 121.19 on Tuesday. Kirby has a 1-year low of $79.33 and a 1-year high of $121.72. The stock has a 50-day moving average of $118. and a 200-day moving average of $108.6. The company has a market cap of $6.915 billion and a P/E ratio of 25.55.

Kirby (NYSE:KEX) last posted its quarterly earnings results 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 $5.11 EPS for the current fiscal year.

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.

In other Kirby news, VP Ronald A. Dragg sold 1,337 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $120.27, for a total transaction of $160,800.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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