Kirby (NYSE:KEX) PT Raised to $138.00 at Bank of America

Kirby (NYSE:KEXGet Free Report) had its target price raised by research analysts at Bank of America from $131.00 to $138.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the shipping company’s stock. Bank of America‘s price target suggests a potential upside of 16.37% from the stock’s current price.

KEX has been the subject of a number of other reports. Stifel Nicolaus increased their price target on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Wolfe Research began coverage on shares of Kirby in a research report on Monday, April 22nd. They set an “outperform” rating and a $126.00 price objective on the stock. BTIG Research raised their price objective on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $123.20.

Read Our Latest Report on Kirby

Kirby Stock Down 0.1 %

Kirby stock opened at $118.59 on Monday. The company has a 50-day simple moving average of $112.88 and a 200-day simple moving average of $94.07. The firm has a market capitalization of $6.94 billion, a P/E ratio of 28.04, a P/E/G ratio of 0.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. Kirby has a one year low of $72.11 and a one year high of $124.92.

Kirby (NYSE:KEXGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.22. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The company had revenue of $808.00 million during the quarter, compared to analyst estimates of $784.49 million. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts expect that Kirby will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other Kirby news, VP Scott P. Miller sold 487 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $99.78, for a total transaction of $48,592.86. Following the completion of the sale, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $99,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Raj Kumar sold 2,228 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $92.00, for a total value of $204,976.00. Following the completion of the sale, the chief financial officer now owns 1,719 shares of the company’s stock, valued at approximately $158,148. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott P. Miller sold 487 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total value of $48,592.86. Following the sale, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $99,780. The disclosure for this sale can be found here. In the last three months, insiders sold 43,162 shares of company stock valued at $4,752,143. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co boosted its stake in shares of Kirby by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock valued at $2,792,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Kirby by 28.1% in the first quarter. Fifth Third Bancorp now owns 551 shares of the shipping company’s stock worth $53,000 after acquiring an additional 121 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Kirby by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company’s stock worth $988,000 after acquiring an additional 122 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Kirby by 0.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 17,847 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 124 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Kirby by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,157 shares of the shipping company’s stock worth $2,166,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Kirby Company Profile

(Get Free Report)

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge 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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