Kirby (NYSE:KEX) Stock Gets Price Target Trim from Citigroup

Kirby (NYSE:KEX) had its price objective reduced by Citigroup from $170.00 to $169.00 in a research note released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the shipping company’s stock.

Several other analysts have also commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Kirby in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Wall Street Zen lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Bank of America lifted their price target on shares of Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Kirby Stock Down 1.5%

Shares of NYSE:KEX opened at $136.09 on Thursday. The company has a market capitalization of $7.19 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12. The business has a fifty day moving average price of $136.75 and a two-hundred day moving average price of $139.87. Kirby has a 1 year low of $79.51 and a 1 year high of $157.69.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. The company had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Analysts forecast that Kirby will post 7.11 earnings per share for the current year.

Institutional Investors Weigh In On Kirby

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of Kirby by 127.6% in the third quarter. Farther Finance Advisors LLC now owns 1,409 shares of the shipping company’s stock worth $185,000 after buying an additional 790 shares in the last quarter. Congress Asset Management Co. grew its stake in Kirby by 8.2% during the third quarter. Congress Asset Management Co. now owns 761,099 shares of the shipping company’s stock valued at $99,894,000 after acquiring an additional 57,371 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Kirby by 8.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,679 shares of the shipping company’s stock valued at $636,000 after acquiring an additional 357 shares in the last quarter. Tidal Investments LLC grew its stake in Kirby by 17.0% during the second quarter. Tidal Investments LLC now owns 13,734 shares of the shipping company’s stock valued at $1,867,000 after acquiring an additional 1,991 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Kirby during the 2nd quarter worth approximately $367,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

About Kirby

Kirby Corporation is a marine transportation and engine-services company headquartered in Houston, Texas. Founded in 1921, the company operates primarily in the United States and is one of the largest domestic operators of tank barges.

Through its marine transportation business, Kirby transports bulk liquid products on the nation’s inland waterway system and along the U.S. coast. Its cargoes include refined petroleum products, petrochemicals, black oil, agricultural chemicals and other specialty liquids.