Kirby Co. (NYSE: KEX) received an average recommendation of “Hold” from the six analysts who cover the company, reports MarketBeat. Four research analysts rated the stock with a conservation rating and one assigned a buy rating to the company. The one-year average price target among brokerage firms that reported on the stock in the past year is $ 60.33.
Several research firms have commented on KEX. Gabelli reissued a “hold” rating on Kirby shares in a report on Thursday, May 13. Zacks Investment Research downgraded Kirby’s stock from a “sell” rating to a “hold” rating and set a price target of $ 69.00 on the stock in a report released on Tuesday, June 15.
Kirby shares opened at $ 52.08 on Thursday. Kirby has a twelve month low of $ 35.10 and a twelve month high of $ 70.60. The company has a quick ratio of 1.28, a current ratio of 1.93, and a debt ratio of 0.41. The company has a 50-day simple moving average of $ 57.12 and a 200-day simple moving average of $ 61.89. The stock has a market cap of $ 3.13 billion, a price-to-earnings ratio of 55.40, a price-to-earnings-growth ratio of 5.63, and a beta of 1.46.
Kirby (NYSE: KEX) last released its quarterly earnings data on Thursday, July 29. The shipping company reported earnings per share of $ 0.17 for the quarter, beating the consensus estimate of $ 0.12 by $ 0.05. Kirby had a net margin of 2.77% and a return on equity of 1.83%. On average, sell-side analysts forecast Kirby to post earnings per share of 0.79 for the current fiscal year.
In other Kirby news, CEO David W. Grzebinski sold 1,000 shares of the company in a trade on Monday, August 16. The shares were sold at an average price of $ 56.74, for a total trade of $ 56,740.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink. 1.80% of the capital is held by insiders.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Bessemer Group Inc. increased its position in Kirby by 25.5% during the first quarter. Bessemer Group Inc. now owns 816 shares of the shipping company valued at $ 50,000 after purchasing 166 additional shares during the period. Captrust Financial Advisors increased its position in Kirby by 434.6% in the first quarter. Captrust Financial Advisors now owns 850 shares of the shipping company valued at $ 51,000 after purchasing an additional 691 shares during the period. Dark Forest Capital Management LP purchased a new position in Kirby during the second quarter valued at approximately $ 79,000. US Bancorp DE increased its position in Kirby by 26.9% in the second quarter. US Bancorp DE now owns 2,092 shares of the shipping company valued at $ 127,000 after purchasing an additional 443 shares during the period. Finally, World Asset Management Inc purchased a new position in Kirby during the first quarter valued at approximately $ 206,000. Hedge funds and other institutional investors hold 93.60% of the company’s shares.
Kirby Company Profile
Kirby Corp. engages in the supply of diesel engines, gearboxes and ancillary products for marine and power generation applications. It operates through the following segments: Maritime Transport and Distribution & Services Segment. The Marine Transportation segment provides marine transportation services, operates tank barges and tugs carrying bulk liquid products and transports petrochemicals, refined petroleum products, black petroleum products and agricultural chemicals by tank barge. .
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