Kirby (KEX) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kirby in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KEX shares.
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4 equities research analysts have issued 12 month price objectives for Kirby's stock. Their KEX share price forecasts range from $82.00 to $100.00. On average, they predict the company's share price to reach $90.50 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for KEX or view top-rated stocks among Wall Street analysts.

Kirby's stock was trading at $64.35 at the start of the year. Since then, KEX shares have increased by 28.5% and is now trading at $82.70.
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Kirby saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,370,000 shares, an increase of 15.1% from the August 31st total of 1,190,000 shares. Based on an average daily trading volume, of 340,400 shares, the short-interest ratio is presently 4.0 days. Currently, 2.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our KEX earnings forecast.

Kirby will be holding an earnings conference call on Thursday, October 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Kirby Co. (NYSE:KEX) issued its quarterly earnings data on Thursday, July, 27th. The shipping company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. The shipping company had revenue of $777.20 million for the quarter, compared to analysts' expectations of $781.18 million. Kirby had a trailing twelve-month return on equity of 5.82% and a net margin of 5.81%. Kirby's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS.

ETFs with the largest weight of Kirby (NYSE:KEX) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Nuveen Small Cap Select ETF (NSCS), iShares U.S. Transportation ETF (IYT), Direxion Daily Transportation Bull 3X Shares (TPOR), Dimensional US Small Cap Value ETF (DFSV) and FMC Excelsior Focus Equity ETF (FMCX).Pacer Industrials and Logistics ETF (SHPP).

23 employees have rated Kirby Chief Executive Officer David W. Grzebinski on Glassdoor.com. David W. Grzebinski has an approval rating of 94% among the company's employees. This puts David W. Grzebinski in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kirby investors own include Exxon Mobil (XOM), Brookdale Senior Living (BKD), Caterpillar (CAT), Netflix (NFLX), Boeing (BA), Delta Air Lines (DAL), General Electric (GE), Alphabet (GOOG), Alibaba Group (BABA) and Chevron (CVX).

Kirby trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEX."

Shares of KEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KEX stock can currently be purchased for approximately $82.70.

Kirby (NYSE:KEX) has a market capitalization of $4.92 billion and generates $2.78 billion in revenue each year. The shipping company earns $122.29 million in net income (profit) each year or $2.90 on an earnings per share basis.

The company employs 5,200 workers across the globe.

Kirby's mailing address is 55 WAUGH DRIVE SUITE 1000, HOUSTON TX, 77251. The official website for the company is www.kirbycorp.com. The shipping company can be reached via phone at (713) 435-1000, via email at investor.relations@kirbycorp.com, or via fax at 713-435-1010.