Kirby Corp. (KEX) Stock Price Up 3%
Kirby Corp. (NYSE:KEX)’s share price rose 3% during mid-day trading on Friday . The stock traded as high as $54.07 and last traded at $53.46, with a volume of 646,539 shares trading hands. The stock had previously closed at $51.90.
KEX has been the subject of several research analyst reports. Vetr lowered shares of Kirby Corp. from a “hold” rating to a “sell” rating and set a $53.00 price target for the company. in a report on Monday, August 8th. Credit Suisse Group AG lowered shares of Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Tuesday, June 21st. Zacks Investment Research cut shares of Kirby Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Kirby Corp. in a research report on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $60.33.
The stock has a market cap of $2.87 billion and a P/E ratio of 15.64. The stock’s 50 day moving average price is $56.08 and its 200 day moving average price is $61.35.
Kirby Corp. (NYSE:KEX) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. During the same quarter in the prior year, the business earned $1.04 earnings per share. The business had revenue of $441.60 million for the quarter, compared to analyst estimates of $454.12 million. The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. Equities analysts predict that Kirby Corp. will post $2.61 earnings per share for the current year.
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii.
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