Somewhat Positive News Coverage Somewhat Unlikely to Impact Kirby (KEX) Share Price

News headlines about Kirby (NYSE:KEX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kirby earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.9468342811168 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have weighed in on KEX shares. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 target price on shares of Kirby in a research report on Friday, November 3rd. Jefferies Group started coverage on shares of Kirby in a research report on Monday, December 18th. They set a “buy” rating and a $85.00 target price for the company. Zacks Investment Research lowered shares of Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Stephens reiterated a “hold” rating and set a $70.00 target price on shares of Kirby in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Kirby presently has a consensus rating of “Hold” and a consensus price target of $74.50.

Kirby (NYSE:KEX) traded up $0.75 during mid-day trading on Friday, hitting $74.80. 379,038 shares of the stock were exchanged, compared to its average volume of 407,235. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby has a one year low of $59.25 and a one year high of $75.10. The company has a market capitalization of $4,420.56, a price-to-earnings ratio of 35.45, a P/E/G ratio of 3.86 and a beta of 1.04.

Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The company had revenue of $541.30 million during the quarter, compared to analyst estimates of $517.54 million. During the same period last year, the business earned $0.59 earnings per share. Kirby’s revenue was up 24.5% compared to the same quarter last year. analysts anticipate that Kirby will post 2.04 EPS for the current fiscal year.

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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.

Insider Buying and Selling by Quarter for Kirby (NYSE:KEX)

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