Kirby (KEX) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kirby in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KEX shares.
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3 brokerages have issued 1-year price objectives for Kirby's shares. Their KEX share price forecasts range from $82.00 to $90.00. On average, they expect the company's stock price to reach $86.75 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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Kirby's stock was trading at $64.35 on January 1st, 2023. Since then, KEX stock has increased by 15.9% and is now trading at $74.57.
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Kirby saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,410,000 shares, an increase of 19.5% from the April 30th total of 1,180,000 shares. Based on an average daily volume of 326,200 shares, the short-interest ratio is presently 4.3 days. Currently, 2.4% of the company's stock are sold short.
View Kirby's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our KEX earnings forecast.

Kirby Co. (NYSE:KEX) posted its earnings results on Thursday, April, 27th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.03. The shipping company had revenue of $750.44 million for the quarter, compared to analyst estimates of $723.67 million. Kirby had a trailing twelve-month return on equity of 4.99% and a net margin of 4.98%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 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), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Dimensional US Small Cap Value ETF (DFSV), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and Avantis U.S. Small Cap Value ETF (AVUV).

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."

Kirby's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.85%), Dimensional Fund Advisors LP (4.02%), Wellington Management Group LLP (3.50%), King Luther Capital Management Corp (3.49%), FMR LLC (2.98%) and ArrowMark Colorado Holdings LLC (2.96%). Insiders that own company stock include Amy D Husted, Barry E Davis, C Sean Day, Christian G O'neil, David W Grzebinski, Dorman Lynn Strahan, Eric S Holcomb, J H Pyne, Joseph H Reniers, Kim B Clarke, Kurt A Niemietz, Monte J Miller, Raj Kumar, Rocky Dewbre, Ronald A Dragg, Scott P Miller and William M Waterman.
View institutional ownership trends.

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 $74.57.

Kirby (NYSE:KEX) has a market capitalization of $4.47 billion and generates $2.78 billion in revenue each year. The shipping company earns $122.29 million in net income (profit) each year or $2.42 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.