Kirby Corporation (NYSE:KEX) Stock Has Consensus Price Target of $169.17

Shares of Kirby Corporation (NYSE:KEX) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $171.43.

A number of research analysts recently weighed in on KEX shares. Citigroup decreased their price target on shares of Kirby from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Wall Street Zen lowered Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Bank of America increased their target price on Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on Kirby from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday.

Institutional Trading of Kirby

Several large investors have recently made changes to their positions in KEX. Provenance Wealth Advisors LLC purchased a new position in Kirby during the third quarter worth approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new position in Kirby during the third quarter worth about $45,000. Root Financial Partners LLC boosted its holdings in Kirby by 182.9% in the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after purchasing an additional 278 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Kirby by 488.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 396 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Kirby by 18.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock valued at $69,000 after buying an additional 80 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Stock Down 1.4%

Kirby stock opened at $144.02 on Tuesday. Kirby has a 12 month low of $101.64 and a 12 month high of $157.69. The stock has a market capitalization of $7.60 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.26 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 50 day simple moving average of $137.37 and a 200-day simple moving average of $136.60.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, October 28th. The shipping company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.09. The business had revenue of $977.21 million for the quarter, compared to the consensus estimate of $938.84 million. Kirby had a net margin of 10.39% and a return on equity of 10.94%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. On average, analysts anticipate that Kirby will post 7.26 EPS for the current fiscal year.

Kirby Company Profile

Kirby Corporation is a Houston-based marine transportation and industrial services company. Through its marine transportation operations, the company is the largest tank barge operator in the United States, transporting bulk liquid products on the nation’s inland and coastal waterways.

Kirby’s marine transportation business carries petrochemicals, refined petroleum products, black oil, agricultural chemicals and other bulk liquids for industrial customers. Its operations primarily serve the U.S.