Kirby Corp. (KEX) Trading 3% Higher
Kirby Corp. (NYSE:KEX) traded up 3% on Friday . The stock traded as high as $54.07 and last traded at $53.46, with a volume of 646,539 shares traded. The stock had previously closed at $51.90.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Kirby Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 7th. Vetr cut Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 target price for the company. in a research note on Tuesday, June 7th. Credit Suisse Group AG cut Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Tuesday, June 21st. Finally, Wells Fargo & Co. cut Kirby Corp. from a “market perform” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Monday, July 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $60.33.
The stock’s 50-day moving average price is $55.80 and its 200-day moving average price is $61.29. The company has a market cap of $2.87 billion and a price-to-earnings ratio of 15.64.
Kirby Corp. (NYSE:KEX) last posted its earnings results 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. The company earned $441.60 million during the quarter, compared to analyst estimates of $454.12 million. Kirby Corp.’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. On average, equities research analysts forecast that Kirby Corp. will post $2.61 EPS 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.