Kirby (KEX) Now Covered by Analysts at Gabelli
Gabelli started coverage on shares of Kirby (NYSE:KEX) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a hold rating and a $80.00 price target on the shipping company’s stock. Gabelli also issued estimates for Kirby’s FY2017 earnings at $1.91 EPS, FY2018 earnings at $2.75 EPS, FY2019 earnings at $3.20 EPS, FY2020 earnings at $3.90 EPS and FY2021 earnings at $4.50 EPS.
KEX has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Kirby from a hold rating to a sell rating in a research note on Thursday, January 4th. Stifel Nicolaus restated a hold rating and set a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Jefferies Group started coverage on shares of Kirby in a research note on Monday, December 18th. They set a buy rating and a $85.00 price target for the company. Finally, Stephens restated a hold rating and set a $70.00 price target on shares of Kirby in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $75.29.
Kirby (NYSE KEX) traded up $0.40 during trading hours on Tuesday, hitting $74.55. 208,238 shares of the stock traded hands, compared to its average volume of 482,428. The company has a market cap of $4,450.00, a price-to-earnings ratio of 35.50, a P/E/G ratio of 3.78 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Kirby has a 12 month low of $59.25 and a 12 month high of $75.85.
Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $541.30 million during the quarter, compared to analyst estimates of $517.54 million. Kirby had a net margin of 5.88% and a return on equity of 4.48%. Kirby’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. equities research analysts anticipate that Kirby will post 2.02 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new stake in Kirby during the 2nd quarter valued at $344,000. Northern Trust Corp increased its stake in Kirby by 4.8% during the 2nd quarter. Northern Trust Corp now owns 500,297 shares of the shipping company’s stock valued at $33,444,000 after purchasing an additional 22,956 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Kirby in the 2nd quarter worth $216,000. Chicago Equity Partners LLC bought a new stake in shares of Kirby in the 3rd quarter worth $293,000. Finally, Vanguard Group Inc. grew its stake in shares of Kirby by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,356,474 shares of the shipping company’s stock worth $291,231,000 after acquiring an additional 197,084 shares in the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
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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.
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