Today: Kirby Corp. (KEX) Decreased to “Equal Weight” at Stephens

Today: Kirby Corp. (KEX) Decreased to “Equal Weight” at Stephens

Kirby Corp. (NYSE:KEX) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Monday. They currently have a $68.00 price target on the stock, down from their previous price target of $70.00. Stephens’ price target would indicate a potential upside of 3.11% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Vetr downgraded shares of Kirby Corp. from a “hold” rating to a “sell” rating and set a $53.00 price objective on the stock. in a report on Monday, August 8th. Jefferies Group restated a “buy” rating on shares of Kirby Corp. in a research note on Monday, August 1st. Royal Bank Of Canada upgraded shares of Kirby Corp. from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $68.00 in a research note on Tuesday, September 20th. Seaport Global Securities assumed coverage on shares of Kirby Corp. in a research note on Thursday, November 10th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Kirby Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.08.

Kirby Corp. (NYSE:KEX) traded down 2.12% during trading on Monday, reaching $64.55. 104,808 shares of the company’s stock were exchanged. The company has a market cap of $3.48 billion, a P/E ratio of 21.79 and a beta of 1.03. The stock’s 50-day moving average is $61.07 and its 200-day moving average is $61.16. Kirby Corp. has a 12-month low of $44.63 and a 12-month high of $73.25.

Kirby Corp. (NYSE:KEX) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $434.70 million for the quarter, compared to the consensus estimate 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 was down 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Analysts predict that Kirby Corp. will post $2.60 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of 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 in the last quarter. Citigroup Inc. boosted its stake in shares of Kirby Corp. by 0.4% in the second quarter. Citigroup Inc. now owns 8,114 shares of the company’s stock valued at $507,000 after buying an additional 32 shares in the last quarter. Veritable L.P. boosted its stake in shares of Kirby Corp. by 1.1% in the second quarter. Veritable L.P. now owns 3,422 shares of the company’s stock valued at $214,000 after buying an additional 37 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Kirby Corp. by 0.7% in the second quarter. Glenmede Trust Co. NA now owns 12,891 shares of the company’s stock valued at $803,000 after buying an additional 86 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Kirby Corp. by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 27,920 shares of the company’s stock valued at $1,742,000 after buying an additional 100 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Kirby Corp. Company Profile

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