Kirby Corporation (KEX) Receives Consensus Recommendation of “Hold” from Analysts
Kirby Corporation (NYSE:KEX) has received an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $71.17.
A number of equities analysts have recently issued reports on KEX shares. Zacks Investment Research upgraded shares of Kirby Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of Kirby Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Cowen and Company reiterated a “hold” rating and issued a $70.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $69.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th.
Shares of Kirby Corporation (KEX) opened at 65.60 on Thursday. The firm has a market capitalization of $3.54 billion, a PE ratio of 30.06 and a beta of 1.01. Kirby Corporation has a 52 week low of $55.11 and a 52 week high of $74.50. The firm’s 50-day moving average is $64.02 and its 200 day moving average is $65.84.
Kirby Corporation (NYSE:KEX) last announced its earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $473.33 million for the quarter, compared to analyst estimates of $478.85 million. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. On average, equities analysts forecast that Kirby Corporation will post $1.96 earnings per share for the current year.
A number of large investors have recently bought and sold shares of KEX. Huntington National Bank grew its position in Kirby Corporation by 11.3% in the 2nd quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock valued at $164,000 after buying an additional 249 shares during the last quarter. Verition Fund Management LLC purchased a new position in Kirby Corporation in the 2nd quarter valued at $204,000. Koch Industries Inc. acquired a new stake in Kirby Corporation in the second quarter valued at $216,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in Kirby Corporation in the second quarter valued at $233,000. Finally, World Asset Management Inc lifted its holdings in Kirby Corporation by 12.7% in the second quarter. World Asset Management Inc now owns 3,718 shares of the shipping company’s stock valued at $249,000 after acquiring an additional 418 shares during the period.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/kirby-corporation-kex-receives-consensus-recommendation-of-hold-from-analysts.html.
About Kirby Corporation
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.
Receive News & Ratings for Kirby Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirby Corporation and related companies with MarketBeat.com's FREE daily email newsletter.