Kirby Co. (NYSE:KEX) Receives $119.50 Average Price Target from Analysts

Kirby Co. (NYSE:KEXGet Free Report) has been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $123.20.

A number of research firms have commented on KEX. Bank of America boosted their price target on shares of Kirby from $131.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, June 17th. BTIG Research boosted their price target on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Wolfe Research began coverage on shares of Kirby in a research report on Monday, April 22nd. They issued an “outperform” rating and a $126.00 price target on the stock. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus upped their target price on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st.

Check Out Our Latest Analysis on KEX

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 6,705 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $95.05, for a total transaction of $637,310.25. Following the transaction, the vice president now directly owns 1,000 shares in the company, valued at $95,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP William Matthew Woodruff sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $109.25, for a total transaction of $409,687.50. Following the completion of the sale, the vice president now directly owns 941 shares of the company’s stock, valued at $102,804.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott P. Miller sold 6,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $95.05, for a total transaction of $637,310.25. Following the sale, the vice president now directly owns 1,000 shares of the company’s stock, valued at $95,050. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,934 shares of company stock worth $4,547,167. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Kirby

Institutional investors and hedge funds have recently modified their holdings of the business. Park West Asset Management LLC bought a new stake in Kirby in the fourth quarter valued at approximately $61,824,000. Norges Bank bought a new stake in Kirby in the fourth quarter valued at approximately $51,781,000. FMR LLC increased its stake in Kirby by 30.9% in the third quarter. FMR LLC now owns 2,100,068 shares of the shipping company’s stock valued at $173,886,000 after purchasing an additional 495,541 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Kirby in the first quarter valued at approximately $22,877,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Kirby by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company’s stock valued at $85,432,000 after purchasing an additional 157,880 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

Kirby Price Performance

Shares of Kirby stock opened at $117.80 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. The firm’s 50-day simple moving average is $114.05 and its 200-day simple moving average is $94.97. Kirby has a twelve month low of $72.11 and a twelve month high of $124.92. The firm has a market cap of $6.89 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17.

Kirby (NYSE:KEXGet Free Report) last released its quarterly earnings results on Friday, April 26th. The shipping company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. The firm had revenue of $808.00 million for the quarter, compared to analyst estimates of $784.49 million. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, research analysts expect that Kirby will post 5.3 EPS for the current fiscal year.

About Kirby

(Get Free Report

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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Analyst Recommendations for Kirby (NYSE:KEX)

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