Trading Report: Today: Kirby Corp. (KEX) Given Equal Weight Rating at Stephens

Today: Kirby Corp. (KEX) Given Equal Weight Rating at Stephens

Kirby Corp. (NYSE:KEX)‘s stock had its “equal weight” rating reissued by Stephens in a report issued on Monday. They presently have a $68.00 price objective on the stock, down from their previous price objective of $70.00. Stephens’ price target would suggest a potential upside of 3.11% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Jefferies Group reissued a “buy” rating on shares of Kirby Corp. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Kirby Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Stifel Nicolaus boosted their price objective on shares of Kirby Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, September 28th. Seaport Global Securities initiated coverage on shares of Kirby Corp. in a research report on Thursday, November 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, RBC Capital Markets raised shares of Kirby Corp. from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $68.00 in a research report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Kirby Corp. currently has a consensus rating of “Hold” and a consensus price target of $62.08.

Shares of Kirby Corp. (NYSE:KEX) opened at 65.95 on Monday. Kirby Corp. has a 52-week low of $44.63 and a 52-week high of $73.25. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 22.26 and a beta of 1.03. The firm has a 50-day moving average of $61.07 and a 200 day moving average of $61.16.

Kirby Corp. (NYSE:KEX) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $434.70 million for the quarter, compared to analyst estimates of $274.21 million. Kirby Corp. had a net margin of 8.78% and a return on equity of 6.85%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Analysts predict that Kirby Corp. will post $2.60 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in Kirby Corp. by 13.3% in the second quarter. Teacher Retirement System of Texas now owns 1,882 shares of the company’s stock valued at $117,000 after buying an additional 221 shares during the period. Independent Portfolio Consultants Inc. increased its position in Kirby Corp. by 8.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,500 shares of the company’s stock valued at $156,000 after buying an additional 205 shares during the period. Advisors Asset Management Inc. increased its position in Kirby Corp. by 9.7% in the second quarter. Advisors Asset Management Inc. now owns 2,704 shares of the company’s stock valued at $169,000 after buying an additional 238 shares during the period. D.A. Davidson & CO. increased its position in Kirby Corp. by 1.0% in the third quarter. D.A. Davidson & CO. now owns 3,034 shares of the company’s stock valued at $187,000 after buying an additional 29 shares during the period. Finally, LS Investment Advisors LLC increased its position in Kirby Corp. by 71.7% in the second quarter. LS Investment Advisors LLC now owns 3,322 shares of the company’s stock valued at $207,000 after buying an additional 1,387 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

About Kirby Corp.

Related posts

Leave a Comment