Kirby (KEX) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Kirby (NYSE: KEX) in the last few weeks:

  • 1/25/2018 – Kirby was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Kirby Corporation operates a fleet of inland tank barges. It is the nation’s largest 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. Kirby transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge. Kirby also operates offshore dry-bulk barge and tugboat units engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. Kirby also rents equipment including generators, fork lifts, pumps, and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers. “
  • 1/22/2018 – Kirby was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $83.00 price target on the stock.
  • 1/16/2018 – Kirby is now covered by analysts at Gabelli. They set a “hold” rating and a $80.00 price target on the stock.
  • 1/10/2018 – Kirby had its “hold” rating reaffirmed by analysts at Stephens. They now have a $70.00 price target on the stock.
  • 1/4/2018 – Kirby was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Kirby Corporation operates a fleet of inland tank barges. It is the nation’s largest 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. Kirby transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge. Kirby also operates offshore dry-bulk barge and tugboat units engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. Kirby also rents equipment including generators, fork lifts, pumps, and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers. “
  • 12/18/2017 – Kirby is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $85.00 price target on the stock.

Kirby Co. (NYSE:KEX) opened at $77.35 on Monday. 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 Co. has a 52-week low of $59.25 and a 52-week high of $79.65. The company has a market capitalization of $4,614.58, a PE ratio of 36.66, a price-to-earnings-growth ratio of 3.81 and a beta of 1.04.

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