Kirby Given Average Recommendation of “Buy” by Brokerages (NYSE:KEX)
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.
Receive News & Ratings for Kirby Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirby Co and related companies with Analyst Ratings Network's FREE daily email newsletter.