The Kirby Co. (KEX) Earns “Buy” Rating from Jefferies Group LLC

The Kirby Co. (KEX) Earns “Buy” Rating from Jefferies Group LLC

Several other equities analysts also recently commented on KEX. Wells Fargo & Co upgraded shares of Kirby from an underperform rating to a market perform rating in a report on Friday, February 3rd. Zacks Investment Research upgraded shares of Kirby from a sell rating to a hold rating in a report on Tuesday, March 28th. Credit Suisse Group AG upgraded shares of Kirby from a neutral rating to an outperform rating and upped their price target for the company from $58.00 to $80.00 in a report on Wednesday, April 19th. Finally, Cowen and Company upped their price target on shares of Kirby from $65.00 to $70.00 and gave the company a market perform rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $64.50.

Jefferies Group LLC restated their buy rating on shares of Kirby Co. (NYSE:KEX) in a research report sent to investors on Tuesday. The firm currently has a $85.00 price target on the shipping company’s stock.

Shares of Kirby (KEX) opened at 68.05 on Tuesday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 28.06 and a beta of 1.09. Kirby has a 12-month low of $50.80 and a 12-month high of $74.50. The stock’s 50 day moving average is $68.72 and its 200-day moving average is $67.99. Kirby (NYSE:KEX) last issued its quarterly earnings results on Wednesday, April 26th. The shipping company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by $0.01. The firm had revenue of $491.70 million for the quarter, compared to the consensus estimate of $423.91 million. Kirby had a net margin of 7.99% and a return on equity of 6.01%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, analysts expect that Kirby will post $2.04 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. World Asset Management Inc boosted its stake in shares of Kirby by 0.9% in the first quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock valued at $233,000 after buying an additional 28 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Kirby by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,701 shares of the shipping company’s stock valued at $330,000 after buying an additional 67 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Kirby by 0.4% in the first quarter. Flinton Capital Management LLC now owns 20,928 shares of the shipping company’s stock valued at $1,476,000 after buying an additional 80 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Kirby by 0.4% in the first quarter. Meadow Creek Investment Management LLC now owns 28,776 shares of the shipping company’s stock valued at $2,030,000 after buying an additional 110 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Kirby by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 36,624 shares of the shipping company’s stock valued at $2,584,000 after buying an additional 140 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KEX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment