Kirby Corporation (NYSE: KEX) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Kirby Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Kirby Corporation conducts operations in two business segments: marine transportation and diesel repair. The Company’s marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company’s diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales. “
  • 8/1/2017 – Kirby Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/28/2017 – Kirby Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $69.00 price target on the stock.
  • 7/28/2017 – Kirby Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $70.00 price target on the stock.
  • 7/26/2017 – Kirby Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Kirby Corporation conducts operations in two business segments: marine transportation and diesel repair. The Company’s marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company’s diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales. “
  • 7/24/2017 – Kirby Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/17/2017 – Kirby Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Kirby Corporation conducts operations in two business segments: marine transportation and diesel repair. The Company’s marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company’s diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales. “
  • 7/6/2017 – Kirby Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Kirby Corporation conducts operations in two business segments: marine transportation and diesel repair. The Company’s marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company’s diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales. “
  • 6/15/2017 – Kirby Corporation had its price target lowered by analysts at Stifel Nicolaus from $71.00 to $69.00. They now have a “hold” rating on the stock.
  • 6/13/2017 – Kirby Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Kirby Corporation (NYSE KEX) traded up 0.40% during trading on Tuesday, reaching $62.50. 411,744 shares of the company traded hands. Kirby Corporation has a 12-month low of $50.80 and a 12-month high of $74.50. The firm’s 50 day moving average price is $64.32 and its 200 day moving average price is $67.58. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 28.68 and a beta of 1.01.

Kirby Corporation (NYSE:KEX) last posted its earnings results on Wednesday, July 26th. The shipping company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.88%. The firm had revenue of $473.33 million during the quarter, compared to analysts’ expectations of $478.85 million. During the same period last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that Kirby Corporation will post $1.97 earnings per share for the current year.

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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