Analyst Rating Update on Kirby Corporation (KEX)

Kirby Corporation (KEX) : 1 brokerage houses believe that Kirby Corporation (KEX) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Kirby Corporation (KEX). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 3.13.

Kirby Corporation (KEX) : The highest level Kirby Corporation (KEX) is projected to reach is $65 for the short term and the lowest estimate is at $38. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $56.67 and the possibility the share price can swing is $10.54.

Company shares have received an average consensus rating of Hold for the current week


Kirby Corporation (NYSE:KEX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.58 and $52.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.97, notching a gain of 0.90% for the day. The total traded volume was 762,416 . The stock had closed at $52.50 on the previous day.

Kirby Corporation is the domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. Its customers include oil service companies, offshore fishing companies, nuclear power industry, compression companies and construction companies, among others.

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