Kirby Corp. (KEX) Shares Down 2%
Kirby Corp. (NYSE:KEX)’s share price was down 2% on Friday . The stock traded as low as $51.77 and last traded at $51.93, with a volume of 421,122 shares traded. The stock had previously closed at $52.99.
Several equities analysts recently weighed in on KEX shares. Vetr upgraded Kirby Corp. from a “hold” rating to a “buy” rating and set a $67.34 target price on the stock in a research report on Wednesday, May 4th. BB&T Corp. upgraded Kirby Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, May 2nd. Jefferies Group reiterated a “buy” rating on shares of Kirby Corp. in a research report on Monday, August 1st. Zacks Investment Research upgraded Kirby Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG downgraded Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Kirby Corp. has a consensus rating of “Hold” and an average price target of $60.33.
The company has a market capitalization of $2.80 billion and a price-to-earnings ratio of 15.24. The stock’s 50 day moving average price is $57.30 and its 200-day moving average price is $61.37.
Kirby Corp. (NYSE:KEX) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The business earned $441.60 million during the quarter, compared to analyst estimates of $454.12 million. The business’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. Equities research analysts expect that Kirby Corp. will post $2.61 EPS for the current year.
In other news, Director Monte J. Miller sold 3,000 shares of the firm’s stock in a transaction 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 owns 13,938 shares of the company’s stock, valued at $966,042.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Kirby Corp. stock. Bank of Montreal Can raised its stake in Kirby Corp. (NYSE:KEX) by 400.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.
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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