Kirby Corporation (KEX) Receives Price Target

Kirby Corporation (KEX) : The most positive equity analysts on Kirby Corporation (KEX) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $56.67 with an expected fluctuation of $10.54 from the mean.

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.


Also, Equity Analysts at the Wells Fargo downgrades the rating on Kirby Corporation (NYSE:KEX). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on July 25, 2016.

Kirby Corporation (NYSE:KEX): The stock opened at $51.78 on Thursday but the bulls could not build on the opening and the stock topped out at $52.00 for the day. The stock traded down to $50.80 during the day, due to lack of any buying support eventually closed down at $51.90 with a loss of -0.38% for the day. The stock had closed at $52.10 on the previous day. The total traded volume was 905,517 shares.

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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