Kirby Corporation (NYSE:KEX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Kirby Corporation (NYSE:KEX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $163.20.

Several equities analysts have recently commented on the company. Bank of America upped their target price on Kirby from $169.00 to $182.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. BTIG Research reissued a "buy" rating and set a $170.00 price target on shares of Kirby in a report on Wednesday, July 29th. Wall Street Zen downgraded Kirby from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings lowered Kirby from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Finally, Citigroup boosted their target price on shares of Kirby from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, July 31st.

Kirby Stock Performance

NYSE KEX opened at $140.51 on Monday. The stock has a market cap of $7.42 billion, a PE ratio of 21.62, a P/E/G ratio of 1.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.12 and a current ratio of 1.68. The firm has a 50-day moving average of $138.73 and a 200-day moving average of $138.66. Kirby has a 52-week low of $79.51 and a 52-week high of $157.69.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.04. The business had revenue of $922.40 million for the quarter, compared to analyst estimates of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. Kirby's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, sell-side analysts anticipate that Kirby will post 7.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its stake in shares of Kirby by 488.9% in the second quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company's stock valued at $65,000 after buying an additional 396 shares during the period. Corient Private Wealth LP increased its stake in Kirby by 17.7% during the 2nd quarter. Corient Private Wealth LP now owns 3,200 shares of the shipping company's stock worth $435,000 after acquiring an additional 481 shares during the period. HighTower Advisors LLC raised its holdings in Kirby by 78.0% in the 2nd quarter. HighTower Advisors LLC now owns 35,155 shares of the shipping company's stock valued at $4,780,000 after acquiring an additional 15,406 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Kirby by 12,100.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,161,515 shares of the shipping company's stock valued at $293,901,000 after acquiring an additional 2,143,799 shares during the period. Finally, HB Wealth Management LLC grew its holdings in shares of Kirby by 29.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,730 shares of the shipping company's stock worth $507,000 after purchasing an additional 840 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

Kirby Company Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America's largest fleets of inland tank barges and towing vessels. Kirby's fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby's Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.

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