Shares of Kirby Co. (NYSE:KEX) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $75.33.

Several research analysts have recently issued reports on KEX shares. Zacks Investment Research lowered Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price target on shares of Kirby in a research report on Friday, November 3rd. Stephens restated a “hold” rating and issued a $70.00 price target on shares of Kirby in a research report on Wednesday, January 10th. Jefferies Group started coverage on Kirby in a research report on Monday, December 18th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Gabelli started coverage on Kirby in a research report on Tuesday. They issued a “hold” rating and a $80.00 price target on the stock.

Kirby (NYSE:KEX) opened at $74.55 on Friday. The company has a market capitalization of $4,429.52, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 3.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby has a 12-month low of $59.25 and a 12-month high of $75.85.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.08. The firm had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. Kirby had a return on equity of 4.48% and a net margin of 5.88%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. equities research analysts predict that Kirby will post 2.02 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of KEX. Prudential Financial Inc. boosted its position in shares of Kirby by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 33,710 shares of the shipping company’s stock worth $2,254,000 after purchasing an additional 410 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Kirby by 20.9% during the second quarter. JPMorgan Chase & Co. now owns 255,528 shares of the shipping company’s stock worth $17,083,000 after acquiring an additional 44,118 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Kirby by 70.8% during the second quarter. Riverhead Capital Management LLC now owns 3,929 shares of the shipping company’s stock worth $263,000 after acquiring an additional 1,629 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Kirby by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 315,919 shares of the shipping company’s stock worth $21,112,000 after acquiring an additional 84,535 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Kirby by 1.1% during the second quarter. Nationwide Fund Advisors now owns 100,188 shares of the shipping company’s stock worth $6,698,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/20/kirby-co-kex-given-consensus-recommendation-of-hold-by-brokerages.html.

Kirby Company Profile

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.

Analyst Recommendations for Kirby (NYSE:KEX)

Receive News & Ratings for Kirby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirby and related companies with MarketBeat.com's FREE daily email newsletter.