Sidoti Raises Kirby to Buy (KEX)

By admin | 6 years ago

Kirby (NYSE: KEX) was upgraded by investment analysts at Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

Kirby traded down 0.32% on Wednesday, hitting $56.20. Kirby has a 1-year low of $47.23 and a 1-year high of $70.61. The company has a market cap of $3.140 billion and a price-to-earnings ratio of 15.51.

Kirby last released its earnings data on Wednesday, April 25th. The company reported $0.91 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.91. The company’s quarterly revenue was up 89.3% on a year-over-year basis. Analysts expect that Kirby will post $1.01 EPS next quarter.

A number of other firms have also recently commented on KEX. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Kirby from $74.00 to $69.00 in a research note to investors on Tuesday. Separately, analysts at Wunderlich cut their price target on shares of Kirby to $68.00 in a research note to investors on Friday, May 18th. Finally, analysts at Wunderlich initiated coverage on shares of Kirby in a research note to investors on Thursday, May 17th. They set a “buy” rating and a $77.00 price target on the stock.

Kirby Corporation is a marine transportation and diesel engine services company. The Company, through its subsidiaries, conducts operations in two business segments: marine transportation and diesel engine services.

About the author