Research analysts at Jefferies Group initiated coverage on shares of Kirby (NYSE:KEX) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $85.00 price target on the shipping company’s stock. Jefferies Group’s price target would indicate a potential upside of 33.12% from the stock’s previous close.

Several other research firms have also recently weighed in on KEX. BidaskClub raised Kirby from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 price objective on shares of Kirby in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.40.

Kirby (KEX) opened at $63.85 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby has a 1 year low of $59.25 and a 1 year high of $74.50. The firm has a market capitalization of $3,811.65, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 3.97 and a beta of 1.04.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Kirby had a return on equity of 4.48% and a net margin of 5.88%. The business had revenue of $541.30 million for the quarter, compared to analysts’ expectations of $517.54 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 24.5% on a year-over-year basis. equities analysts expect that Kirby will post 2.01 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of KEX. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Kirby by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock valued at $127,000 after buying an additional 857 shares during the period. Verition Fund Management LLC bought a new stake in shares of Kirby during the 2nd quarter valued at $204,000. Boothbay Fund Management LLC bought a new stake in shares of Kirby during the 3rd quarter valued at $209,000. Koch Industries Inc. bought a new stake in shares of Kirby during the 2nd quarter valued at $216,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Kirby during the 2nd quarter valued at $233,000. Hedge funds and other institutional investors own 96.59% of the company’s stock.

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Kirby Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

Analyst Recommendations for Kirby (NYSE:KEX)

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