Kirby Co. (KEX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kirby Co. (NYSE:KEX) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $81.11.

Several research firms have weighed in on KEX. Gabelli began coverage on Kirby in a research note on Tuesday, January 16th. They set a “hold” rating and a $80.00 target price for the company. Stifel Nicolaus set a $88.00 target price on Kirby and gave the stock a “buy” rating in a research note on Thursday, April 5th. Jefferies Group began coverage on Kirby in a research note on Monday, December 18th. They set a “buy” rating and a $85.00 target price for the company. Evercore ISI upgraded Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, February 1st. Finally, Stephens restated a “hold” rating and set a $70.00 target price on shares of Kirby in a research note on Wednesday, January 10th.

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Shares of KEX stock traded up $2.10 during trading on Thursday, hitting $82.70. The company had a trading volume of 187,975 shares, compared to its average volume of 493,176. The company has a current ratio of 1.99, a quick ratio of 1.34 and a debt-to-equity ratio of 0.32. Kirby has a one year low of $59.25 and a one year high of $84.10. The stock has a market cap of $4,806.74, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Kirby had a return on equity of 4.17% and a net margin of 14.14%. The firm had revenue of $708.10 million during the quarter, compared to analysts’ expectations of $612.61 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 62.5% on a year-over-year basis. analysts forecast that Kirby will post 2.81 EPS for the current year.

In other news, VP David R. Mosley sold 5,694 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $73.37, for a total value of $417,768.78. Following the completion of the transaction, the vice president now directly owns 17,692 shares in the company, valued at approximately $1,298,062.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dorman Lynn Strahan sold 1,735 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.51, for a total value of $132,744.85. Following the completion of the transaction, the insider now owns 28,484 shares of the company’s stock, valued at $2,179,310.84. The disclosure for this sale can be found here. Insiders sold a total of 11,430 shares of company stock valued at $854,762 over the last quarter. 2.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KEX. MetLife Investment Advisors LLC acquired a new stake in Kirby in the fourth quarter valued at $2,271,000. Teachers Advisors LLC increased its holdings in Kirby by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 1,085,730 shares of the shipping company’s stock valued at $72,527,000 after purchasing an additional 38,000 shares during the period. Goldman Sachs Group Inc. increased its holdings in Kirby by 27.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 153,792 shares of the shipping company’s stock valued at $10,274,000 after purchasing an additional 32,747 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in Kirby in the fourth quarter valued at $753,000. Finally, Guggenheim Capital LLC increased its holdings in Kirby by 17.2% in the fourth quarter. Guggenheim Capital LLC now owns 141,462 shares of the shipping company’s stock valued at $9,449,000 after purchasing an additional 20,750 shares during the period. Institutional investors own 93.95% of the company’s stock.

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Kirby Company Profile

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.

Analyst Recommendations for Kirby (NYSE:KEX)

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