Kirby (KEX) Now Covered by Analysts at Gabelli

Analysts at Gabelli started coverage on shares of Kirby (NYSE:KEX) in a research report issued on Tuesday. The brokerage set a “hold” rating and a $80.00 price target on the shipping company’s stock. Gabelli’s price objective would suggest a potential upside of 6.60% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price target on shares of Kirby in a report on Friday, November 3rd. Jefferies Group started coverage on Kirby in a report on Monday, December 18th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research downgraded Kirby from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Stephens reiterated a “hold” rating and set a $70.00 price target on shares of Kirby in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Kirby presently has a consensus rating of “Hold” and a consensus price target of $75.29.

Kirby (NYSE KEX) opened at $75.05 on Tuesday. Kirby has a twelve month low of $59.25 and a twelve month high of $75.10. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4,465.33, a price-to-earnings ratio of 35.57, a PEG ratio of 3.90 and a beta of 1.04.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. purchased a new position in Kirby in the second quarter valued at about $344,000. Northern Trust Corp grew its stake in Kirby by 4.8% in the second 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. purchased a new position in Kirby in the second quarter valued at about $216,000. Chicago Equity Partners LLC purchased a new position in Kirby in the third quarter valued at about $293,000. Finally, California Public Employees Retirement System grew its stake in Kirby by 5.2% in the second quarter. California Public Employees Retirement System now owns 110,300 shares of the shipping company’s stock valued at $7,374,000 after purchasing an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Kirby (NYSE:KEX)

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