Analysts Set Kirby Co. (KEX) Price Target at $79.40

Shares of Kirby Co. (NYSE:KEX) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $79.40.

Several equities analysts recently commented on KEX shares. Zacks Investment Research lowered shares of Kirby from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Jefferies Group started coverage on shares of Kirby in a report on Monday, December 18th. They set a “buy” rating and a $85.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 target price on shares of Kirby in a report on Friday, November 3rd. Wells Fargo & Co raised shares of Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 target price on the stock in a report on Monday, January 22nd. Finally, Gabelli started coverage on shares of Kirby in a report on Tuesday, January 16th. They set a “hold” rating and a $80.00 target price on the stock.

Kirby (NYSE:KEX) traded up $0.80 during mid-day trading on Wednesday, hitting $75.95. 587,843 shares of the company traded hands, compared to its average volume of 567,639. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby has a 52 week low of $59.25 and a 52 week high of $80.90. The company has a market cap of $4,530.00, a price-to-earnings ratio of 36.17, a P/E/G ratio of 2.16 and a beta of 1.03.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Kirby had a net margin of 14.14% and a return on equity of 4.37%. The company had revenue of $708.10 million for the quarter, compared to analyst estimates of $612.61 million. During the same quarter last year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. equities analysts predict that Kirby will post 2.79 earnings per share for the current fiscal year.

In other Kirby news, VP David R. Mosley sold 5,694 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $73.37, for a total value of $417,768.78. Following the sale, the vice president now owns 17,692 shares of the company’s stock, valued at approximately $1,298,062.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dorman Lynn Strahan sold 1,665 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $74.56, for a total transaction of $124,142.40. The disclosure for this sale can be found here. In the last three months, insiders sold 11,430 shares of company stock worth $854,762. Insiders own 2.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Diamond Hill Capital Management Inc. boosted its stake in shares of Kirby by 40.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,491,202 shares of the shipping company’s stock valued at $164,295,000 after purchasing an additional 713,836 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Kirby by 65.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 788,653 shares of the shipping company’s stock valued at $52,721,000 after purchasing an additional 313,184 shares in the last quarter. Lodge Hill Capital LLC bought a new stake in shares of Kirby during the 4th quarter valued at about $20,708,000. Thrivent Financial For Lutherans boosted its stake in shares of Kirby by 40.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 947,379 shares of the shipping company’s stock valued at $63,285,000 after purchasing an additional 272,436 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of Kirby by 10.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,680,707 shares of the shipping company’s stock valued at $179,071,000 after purchasing an additional 262,965 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

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Kirby Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

Analyst Recommendations for Kirby (NYSE:KEX)

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