Kirby - KEX Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kirby in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KEX shares.
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4 equities research analysts have issued 1-year price objectives for Kirby's stock. Their KEX share price forecasts range from $80.00 to $90.00. On average, they expect the company's stock price to reach $85.50 in the next year. This suggests a possible upside of 28.2% from the stock's current price.
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Kirby's stock was trading at $64.35 at the beginning of the year. Since then, KEX shares have increased by 3.7% and is now trading at $66.70.
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Kirby saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,380,000 shares, an increase of 7.0% from the January 31st total of 1,290,000 shares. Based on an average daily trading volume, of 373,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.3% 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, April 27th 2023.
View our KEX earnings forecast.

Kirby Co. (NYSE:KEX) posted its quarterly earnings results on Tuesday, January, 31st. The shipping company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The shipping company earned $730.17 million during the quarter, compared to analysts' expectations of $714.06 million. Kirby had a net margin of 4.39% and a trailing twelve-month return on equity of 4.27%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share.

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), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Direxion Daily Transportation Bull 3X Shares (TPOR), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), SPDR S&P 400 Mid Cap Value ETF (MDYV) and AGF U.S. Market Neutral Anti-Beta Fund (BTAL).

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 many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (7.09%), Neuberger Berman Group LLC (5.69%), Dimensional Fund Advisors LP (3.82%), Macquarie Group Ltd. (2.73%), ArrowMark Colorado Holdings LLC (2.28%) and Diamond Hill Capital Management Inc. (2.22%). 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 $66.70.

Kirby (NYSE:KEX) has a market capitalization of $4.00 billion and generates $2.78 billion in revenue each year. The shipping company earns $122.29 million in net income (profit) each year or $2.03 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.