Kirby Co. (NYSE:KEX) has received a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $86.44.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Kirby from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Wednesday, May 2nd. Stifel Nicolaus set a $88.00 price target on shares of Kirby and gave the stock a “buy” rating in a report on Thursday, April 5th. Wells Fargo & Co upped their price target on shares of Kirby from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 1st. OTR Global upgraded shares of Kirby to a “positive” rating in a report on Thursday, March 29th. Finally, ValuEngine upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd.
NYSE KEX opened at $84.75 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.29 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.07 billion, a PE ratio of 41.34, a P/E/G ratio of 2.09 and a beta of 0.94. Kirby has a 12 month low of $59.25 and a 12 month high of $94.05.
Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, April 25th. The shipping company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $741.70 million for the quarter, compared to analysts’ expectations of $690.64 million. Kirby had a net margin of 12.91% and a return on equity of 4.35%. The business’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. equities research analysts anticipate that Kirby will post 2.98 earnings per share for the current year.
In other Kirby news, Director Richard J. Alario sold 17,153 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $85.99, for a total transaction of $1,474,986.47. Following the transaction, the director now directly owns 22,627 shares in the company, valued at approximately $1,945,695.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ronald A. Dragg sold 930 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $85.69, for a total transaction of $79,691.70. Following the transaction, the vice president now owns 11,468 shares in the company, valued at $982,692.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 307,588 shares of company stock worth $27,252,939. 2.40% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC lifted its position in shares of Kirby by 4,295.2% during the fourth quarter. Advisory Services Network LLC now owns 2,725 shares of the shipping company’s stock valued at $182,000 after buying an additional 2,663 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Kirby during the first quarter valued at about $193,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Kirby during the first quarter valued at about $222,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kirby during the first quarter valued at about $269,000. Finally, First Mercantile Trust Co. lifted its position in shares of Kirby by 93.0% during the first quarter. First Mercantile Trust Co. now owns 3,694 shares of the shipping company’s stock valued at $284,000 after buying an additional 1,780 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.