Kirby Co. (KEX) Given Average Recommendation of “Hold” by Analysts

Kirby Co. (NYSE:KEX) has been given an average recommendation of “Hold” by the eleven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $79.40.

Several research analysts have weighed in on KEX shares. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 price objective on shares of Kirby in a research report on Friday, November 3rd. Jefferies Group started coverage on Kirby in a research report on Monday, December 18th. They issued a “buy” rating and a $85.00 price objective on the stock. Zacks Investment Research cut Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Stephens reissued a “hold” rating and issued a $70.00 price objective on shares of Kirby in a research report on Wednesday, January 10th. Finally, Gabelli started coverage on Kirby in a research report on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price objective on the stock.

Kirby (NYSE KEX) opened at $74.60 on Wednesday. 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 1 year low of $59.25 and a 1 year high of $80.90. The firm has a market capitalization of $4,325.05, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The business had revenue of $708.10 million for the quarter, compared to analysts’ expectations of $612.61 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 62.5% on a year-over-year basis. equities analysts expect that Kirby will post 2.8 EPS for the current year.

In other Kirby news, Director Monte J. Miller sold 2,336 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total value of $180,105.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dorman Lynn Strahan sold 1,735 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.51, for a total value of $132,744.85. Following the completion of the sale, the insider now owns 28,484 shares in the company, valued at $2,179,310.84. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KEX. Diamond Hill Capital Management Inc. raised its stake in shares of Kirby by 40.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,491,202 shares of the shipping company’s stock valued at $164,295,000 after buying an additional 713,836 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Kirby by 65.9% in the second quarter. Lord Abbett & CO. LLC now owns 788,653 shares of the shipping company’s stock valued at $52,721,000 after buying an additional 313,184 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kirby by 12.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,174,026 shares of the shipping company’s stock valued at $143,380,000 after buying an additional 246,064 shares during the period. Koch Industries Inc. bought a new stake in shares of Kirby in the second quarter valued at $216,000. Finally, Schroder Investment Management Group raised its stake in shares of Kirby by 42.6% in the third quarter. Schroder Investment Management Group now owns 673,103 shares of the shipping company’s stock valued at $45,199,000 after buying an additional 201,037 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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About Kirby

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)

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