Kirby Corporation (NYSE:KEX) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.67 by 9 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, BB&T Capital upgrades its rating on Kirby Corporation (NYSE:KEX).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 2, 2016.
Kirby Corporation (NYSE:KEX) shares are expected to touch $61 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 13.35. The target price could hit $80 on the higher end and $38 on the lower end.
Kirby Corporation (NYSE:KEX) witnessed a decline in the market cap on Tuesday as its shares dropped 4.6% or 3.21 points. After the session commenced at $68.9, the stock reached the higher end at $69.2 while it hit a low of $66.06. With the volume soaring to 1,188,530 shares, the last trade was called at $66.62. The company has a 52-week high of $83.025. The company has a market cap of $3,588 million and there are 53,864,000 shares in outstanding. The 52-week low of the share price is $44.63.
Kirby Corporation has lost 3.31% in the last five trading days and dropped 3.55% in the last 4 weeks. Kirby Corporation is up 8.5% in the last 3-month period. Year-to-Date the stock performance stands at 26.61%.
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.