Kirby Corporation (KEX) Receives Analyst Rating

Kirby Corporation (KEX) : Zacks Investment Research ranks Kirby Corporation (KEX) as 5, which is a Strong Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.13, which indicates as a Hold.

Kirby Corporation (KEX) : Currently there are 7 street experts covering Kirby Corporation (KEX) stock. The most bullish and bearish price target for the stock is $65 and $38 respectively for the short term. The average price target of all the analysts comes to $55.71. The estimated standard deviation from the target is $9.95.


Also, Major Brokerage house, Wells Fargo downgrades its ratings on Kirby Corporation (NYSE:KEX). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 25, 2016.

Kirby Corporation (NYSE:KEX): After opening at $55.44, the stock dipped to an intraday low of $55.28 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $56.01 and the buying power remained strong till the end. The stock closed at $55.76 for the day, a gain of 0.38% for the day session. The total traded volume was 749,063. The stocks close on the previous trading day was $55.55.

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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