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Kirby Co. (NYSE:KEX) Given Consensus Rating of "Buy" by Brokerages

Kirby logo with Transportation background

Shares of Kirby Co. (NYSE:KEX - Get Free Report) have earned an average recommendation of "Buy" from the five research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $124.40.

Several equities research analysts have recently commented on KEX shares. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus lowered their price objective on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research report on Friday.

Get Our Latest Stock Report on KEX

Kirby Price Performance

Shares of KEX traded down $3.03 during mid-day trading on Tuesday, reaching $109.09. The company had a trading volume of 794,167 shares, compared to its average volume of 753,473. The company's 50-day moving average is $112.70 and its 200-day moving average is $117.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. The company has a market capitalization of $6.26 billion, a P/E ratio of 20.97, a P/E/G ratio of 0.53 and a beta of 1.21. Kirby has a twelve month low of $78.63 and a twelve month high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). Kirby had a net margin of 9.37% and a return on equity of 9.43%. On average, equities analysts anticipate that Kirby will post 5.45 EPS for the current year.

Insider Buying and Selling at Kirby

In related news, COO Christian G. O'neil sold 15,041 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total value of $1,955,330.00. Following the transaction, the chief operating officer now directly owns 7,746 shares in the company, valued at approximately $1,006,980. This represents a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $127.30, for a total transaction of $294,444.90. Following the completion of the sale, the vice president now directly owns 7,683 shares of the company's stock, valued at $978,045.90. This represents a 23.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,354 shares of company stock worth $3,275,455 over the last ninety days. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Kirby

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Kirby during the fourth quarter worth $25,000. ORG Wealth Partners LLC bought a new position in shares of Kirby in the 3rd quarter valued at $30,000. Brooklyn Investment Group acquired a new stake in shares of Kirby during the 3rd quarter valued at $42,000. Finally, Capital Performance Advisors LLP bought a new stake in Kirby during the 3rd quarter worth $52,000. 96.15% of the stock is owned by institutional investors.

About Kirby

(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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Analyst Recommendations for Kirby (NYSE:KEX)

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