Kirby Co. (NYSE:KEX) Receives $81.13 Consensus Price Target from Brokerages

Kirby Co. (NYSE:KEX) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $81.13.

A number of equities analysts have recently weighed in on KEX shares. TheStreet cut shares of Kirby from a “b” rating to a “c+” rating in a research report on Wednesday, November 20th. ValuEngine cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

In other Kirby news, VP Amy D. Husted sold 6,174 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $78.25, for a total transaction of $483,115.50. Following the sale, the vice president now directly owns 20,545 shares of the company’s stock, valued at approximately $1,607,646.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Ross Stewart sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $82.70, for a total transaction of $992,400.00. Following the sale, the director now directly owns 25,699 shares in the company, valued at $2,125,307.30. The disclosure for this sale can be found here. Insiders sold a total of 57,535 shares of company stock worth $4,708,134 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Advisory Services Network LLC lifted its position in Kirby by 103.1% during the 2nd quarter. Advisory Services Network LLC now owns 325 shares of the shipping company’s stock worth $26,000 after buying an additional 165 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new position in shares of Kirby during the 3rd quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kirby by 32.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 823 shares of the shipping company’s stock valued at $65,000 after buying an additional 201 shares during the last quarter. Huntington National Bank grew its stake in Kirby by 10.1% in the 2nd quarter. Huntington National Bank now owns 1,663 shares of the shipping company’s stock valued at $131,000 after buying an additional 152 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Kirby in the 3rd quarter valued at about $206,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE KEX opened at $84.37 on Wednesday. The stock has a fifty day moving average price of $82.29 and a two-hundred day moving average price of $79.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 1.85. The firm has a market cap of $5.10 billion, a P/E ratio of 27.65, a PEG ratio of 2.92 and a beta of 1.06. Kirby has a 1 year low of $60.63 and a 1 year high of $86.44.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Friday, October 25th. The shipping company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. Kirby had a return on equity of 5.60% and a net margin of 3.96%. The company had revenue of $666.80 million during the quarter, compared to the consensus estimate of $724.17 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, research analysts predict that Kirby will post 2.91 earnings per share for the current fiscal year.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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