Shares of Kirby Corp. (NYSE:KEX) were down 2% during mid-day trading on Friday . The stock traded as low as $51.77 and last traded at $51.93, with a volume of 421,122 shares changing hands. The stock had previously closed at $52.99.

Several analysts have issued reports on KEX shares. Vetr downgraded shares of Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 price objective for the company. in a research report on Thursday, May 26th. Zacks Investment Research raised shares of Kirby Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Evercore ISI downgraded shares of Kirby Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $59.00 to $54.00 in a research report on Thursday, April 28th. Finally, Credit Suisse Group AG downgraded shares of Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Tuesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $60.33.

The firm has a market capitalization of $2.80 billion and a PE ratio of 15.24. The company has a 50-day moving average price of $57.58 and a 200-day moving average price of $61.37.

Kirby Corp. (NYSE:KEX) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The firm 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. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, analysts forecast that Kirby Corp. will post $2.61 EPS for the current year.

In related news, Director Monte J. Miller sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $69.31, for a total value of $207,930.00. Following the completion of the sale, the director now directly owns 13,938 shares in the company, valued at approximately $966,042.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Kirby Corp. stock. Bank of Montreal Can increased its stake in Kirby Corp. (NYSE:KEX) by 400.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,574 shares of the company’s stock after buying an additional 18,861 shares during the period. Bank of Montreal Can’s holdings in Kirby Corp. were worth $1,240,000 at the end of the most recent quarter.

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.