Shares of Kirby Co. (NYSE:KEX) have been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $89.71.

Several research firms have weighed in on KEX. ValuEngine raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Gabelli raised 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 Monday, July 30th. Finally, Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th.

Kirby stock opened at $81.55 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 2.14 and a beta of 0.93. The company has a current ratio of 1.86, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. Kirby has a twelve month low of $61.80 and a twelve month high of $94.05.

Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 25th. The shipping company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm had revenue of $802.70 million for the quarter, compared to analysts’ expectations of $765.43 million. Kirby had a net margin of 11.49% and a return on equity of 4.77%. The business’s revenue was up 69.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. equities analysts forecast that Kirby will post 2.83 earnings per share for the current fiscal year.

In other Kirby news, VP Ronald A. Dragg sold 500 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $85.00, for a total transaction of $42,500.00. Following the transaction, the vice president now owns 10,968 shares in the company, valued at approximately $932,280. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J H. Pyne sold 52,934 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $87.88, for a total transaction of $4,651,839.92. Following the transaction, the director now owns 225,233 shares in the company, valued at approximately $19,793,476.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,104 shares of company stock worth $5,099,875. Company insiders own 2.40% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Kirby by 2.7% during the 2nd quarter. BlackRock Inc. now owns 4,962,214 shares of the shipping company’s stock worth $414,843,000 after purchasing an additional 128,826 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Kirby by 2.6% during the 2nd quarter. King Luther Capital Management Corp now owns 1,991,901 shares of the shipping company’s stock worth $166,523,000 after purchasing an additional 50,353 shares in the last quarter. Royce & Associates LP grew its position in shares of Kirby by 1.9% during the 2nd quarter. Royce & Associates LP now owns 1,303,446 shares of the shipping company’s stock worth $108,968,000 after purchasing an additional 24,730 shares in the last quarter. Bank of America Corp DE grew its position in shares of Kirby by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 1,070,573 shares of the shipping company’s stock worth $89,499,000 after purchasing an additional 111,281 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Kirby by 90.8% during the 2nd quarter. Van ECK Associates Corp now owns 797,270 shares of the shipping company’s stock worth $66,652,000 after acquiring an additional 379,470 shares in the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.

About Kirby

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.

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Analyst Recommendations for Kirby (NYSE:KEX)

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