Reaffirmed: Kirby (NYSE:KEX) “Buy” Rating Kept by Analysts at Jefferies; $85.0 Target in Place

September 17, 2017 - By Clifton Ray

 Reaffirmed: Kirby (NYSE:KEX)

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.34, from 1.11 in 2016Q3. It worsened, as 33 investors sold Kirby Corporation shares while 95 reduced holdings. 32 funds opened positions while 67 raised stakes. 55.94 million shares or 0.67% more from 55.57 million shares in 2016Q3 were reported.

Moreover, Wells Fargo Co Mn has 0.04% invested in Kirby Corporation (NYSE:KEX). 184,074 are owned by Eaton Vance. 134,760 were reported by Ny State Common Retirement Fund. The California-based Schwab Charles Mgmt has invested 0.02% in Kirby Corporation (NYSE:KEX). Next Financial Group holds 0% or 200 shares in its portfolio. Mason Street Advsrs Ltd Liability owns 0.05% invested in Kirby Corporation (NYSE:KEX) for 25,135 shares. 77 are held by Cornerstone Advsrs Incorporated. Third Avenue Mgmt Llc accumulated 82,600 shares. Baldwin Brothers Inc Ma reported 450 shares. Ngam Advsr Limited Partnership holds 0.06% of its portfolio in Kirby Corporation (NYSE:KEX) for 79,537 shares. Fruth Invest invested 0.57% of its portfolio in Kirby Corporation (NYSE:KEX). Capital World Invsts holds 2.07M shares. Royal Financial Bank Of Canada holds 0% of its portfolio in Kirby Corporation (NYSE:KEX) for 17,779 shares. Mu Invs Limited has 0.03% invested in Kirby Corporation (NYSE:KEX) for 640 shares. Moreover, Proshare Advsrs Ltd has 0% invested in Kirby Corporation (NYSE:KEX).

Kirby (NYSE:KEX) Rating Reaffirmed

Stock research analysts at Jefferies now has a $85.0 target price on Kirby (NYSE:KEX). Jefferies and their recent target price gives a potential upside of 32.50 % from the company’s current price. The rating has been shown in a research report on 11 September.

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.34, from 1.11 in 2016Q3. It worsened, as 33 investors sold Kirby Corporation shares while 95 reduced holdings. 32 funds opened positions while 67 raised stakes. 55.94 million shares or 0.67% more from 55.57 million shares in 2016Q3 were reported.

Moreover, Wells Fargo Co Mn has 0.04% invested in Kirby Corporation (NYSE:KEX). 184,074 are owned by Eaton Vance. 134,760 were reported by Ny State Common Retirement Fund. The California-based Schwab Charles Mgmt has invested 0.02% in Kirby Corporation (NYSE:KEX). Next Financial Group holds 0% or 200 shares in its portfolio. Mason Street Advsrs Ltd Liability owns 0.05% invested in Kirby Corporation (NYSE:KEX) for 25,135 shares. 77 are held by Cornerstone Advsrs Incorporated. Third Avenue Mgmt Llc accumulated 82,600 shares. Baldwin Brothers Inc Ma reported 450 shares. Ngam Advsr Limited Partnership holds 0.06% of its portfolio in Kirby Corporation (NYSE:KEX) for 79,537 shares. Fruth Invest invested 0.57% of its portfolio in Kirby Corporation (NYSE:KEX). Capital World Invsts holds 2.07M shares. Royal Financial Bank Of Canada holds 0% of its portfolio in Kirby Corporation (NYSE:KEX) for 17,779 shares. Mu Invs Limited has 0.03% invested in Kirby Corporation (NYSE:KEX) for 640 shares. Moreover, Proshare Advsrs Ltd has 0% invested in Kirby Corporation (NYSE:KEX).

Kirby Corporation (NYSE:KEX) Ratings Coverage

Among 13 analysts covering Kirby (NYSE:KEX), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. Kirby has $90 highest and $32 lowest target. $68.90’s average target is 7.40% above currents $64.15 stock price. Kirby had 28 analyst reports since July 31, 2015 according to SRatingsIntel. The company was downgraded on Monday, November 28 by Stephens. The stock has “Buy” rating by Jefferies on Wednesday, March 9. The stock has “Market Perform” rating by Cowen & Co on Friday, April 29. The firm has “Hold” rating given on Thursday, April 28 by Evercore. Cowen & Co maintained the stock with “Outperform” rating in Thursday, January 28 report. The stock of Kirby Corporation (NYSE:KEX) has “Neutral” rating given on Tuesday, June 21 by Credit Suisse. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. Stifel Nicolaus maintained Kirby Corporation (NYSE:KEX) on Wednesday, September 28 with “Hold” rating. The firm earned “Neutral” rating on Thursday, October 1 by Macquarie Research. The stock has “Buy” rating by Jefferies on Tuesday, May 30.

The stock increased 0.55% or $0.35 on September 15, reaching $64.15. About 282,138 shares traded. Kirby Corporation (NYSE:KEX) has declined 0.86% since September 17, 2016 and is downtrending. It has underperformed by 17.56% the S&P500.

Wall Street await Kirby Corporation (NYSE:KEX) to release earnings on October, 25. Analysts forecast EPS of $0.48, down exactly $0.11 or 18.64 % from 2014’s $0.59 EPS. The expected KEX’s profit could reach $25.89 million giving the stock 33.41 P/E in the case that $0.48 earnings per share is reported. After posting $0.48 EPS for the previous quarter, Kirby Corporation’s analysts now forecast 0.00 % EPS growth.

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The company has market cap of $3.46 billion. The Company, through its subsidiaries, operates in two divisions: Marine Transportation and Diesel Engine Services. It has a 29.43 P/E ratio. The Company, through its Marine Transportation segment, is a well-known provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.

More notable recent Kirby Corporation (NYSE:KEX) news were published by: Prnewswire.com which released: “Kirby Corporation Announces 2016 Fourth Quarter And Full Year Results” on February 01, 2017, also Prnewswire.com with their article: “Kirby Corporation Announces 2017 Second Quarter Results” published on July 26, 2017, Prnewswire.com published: “Kirby Corporation Announces 2017 First Quarter Results” on April 26, 2017. More interesting news about Kirby Corporation (NYSE:KEX) were released by: Reuters.com and their article: “BRIEF-Kirby Corporation says CFO C. Andrew Smith resigns” published on August 17, 2017 as well as Bizjournals.com‘s news article titled: “Kirby Corp. to buy Houston-based manufacturer for $710M” with publication date: June 14, 2017.

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