Analysts at Jefferies Reiterated their Past ‘”Buy”’ rating on Shares Kirby (NYSE:KEX), Set a $85.0 TP

September 17, 2017 - By Clifton Ray

 Analysts at Jefferies Reiterated their Past ‘

Investors sentiment decreased to 0.77 in Q4 2016. 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.

State Of Tennessee Treasury Department stated it has 0.03% in Kirby Corporation (NYSE:KEX). Walthausen Limited Liability Company owns 81,830 shares or 0.5% of their US portfolio. Gemmer Asset Management Ltd Liability Corporation reported 159 shares. Artisan Ptnrs Limited Partnership reported 1.82M shares or 0.25% of all its holdings. Mitsubishi Ufj Tru And Corp stated it has 172,360 shares or 0.02% of all its holdings. Nationwide Fund Advsr, Pennsylvania-based fund reported 96,207 shares. Westpac reported 46,863 shares. Wells Fargo And Mn accumulated 1.54 million shares. Moreover, Stone Run Cap Ltd Liability Corporation has 0.76% invested in Kirby Corporation (NYSE:KEX). 26,556 were accumulated by Great West Life Assurance Can. The United Kingdom-based Ahl Prtnrs Ltd Liability Partnership has invested 0.04% in Kirby Corporation (NYSE:KEX). 640 are held by Mu Invs. Bluecrest Capital Management has 0.13% invested in Kirby Corporation (NYSE:KEX) for 35,000 shares. United Kingdom-based Baillie Gifford & Com has invested 0.35% in Kirby Corporation (NYSE:KEX). 256,338 were reported by Schroder Investment Mgmt Grp.

Kirby (NYSE:KEX) Rating Reaffirmed

In a report revealed to investors this morning, Jefferies kept their “Buy” rating on Kirby (NYSE:KEX) shares. The target price per share would suggest a possible upside of 32.50 % from firm’s previous stock close.

Investors sentiment decreased to 0.77 in Q4 2016. 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.

State Of Tennessee Treasury Department stated it has 0.03% in Kirby Corporation (NYSE:KEX). Walthausen Limited Liability Company owns 81,830 shares or 0.5% of their US portfolio. Gemmer Asset Management Ltd Liability Corporation reported 159 shares. Artisan Ptnrs Limited Partnership reported 1.82M shares or 0.25% of all its holdings. Mitsubishi Ufj Tru And Corp stated it has 172,360 shares or 0.02% of all its holdings. Nationwide Fund Advsr, Pennsylvania-based fund reported 96,207 shares. Westpac reported 46,863 shares. Wells Fargo And Mn accumulated 1.54 million shares. Moreover, Stone Run Cap Ltd Liability Corporation has 0.76% invested in Kirby Corporation (NYSE:KEX). 26,556 were accumulated by Great West Life Assurance Can. The United Kingdom-based Ahl Prtnrs Ltd Liability Partnership has invested 0.04% in Kirby Corporation (NYSE:KEX). 640 are held by Mu Invs. Bluecrest Capital Management has 0.13% invested in Kirby Corporation (NYSE:KEX) for 35,000 shares. United Kingdom-based Baillie Gifford & Com has invested 0.35% in Kirby Corporation (NYSE:KEX). 256,338 were reported by Schroder Investment Mgmt Grp.

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 maintained on Tuesday, May 30 by Jefferies. The stock of Kirby Corporation (NYSE:KEX) earned “Market Perform” rating by Cowen & Co on Friday, April 29. The stock of Kirby Corporation (NYSE:KEX) earned “Outperform” rating by Credit Suisse on Wednesday, April 19. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 31 report. BBT upgraded the stock to “Buy” rating in Monday, May 2 report. The stock of Kirby Corporation (NYSE:KEX) earned “Neutral” rating by Macquarie Research on Thursday, October 1. The stock of Kirby Corporation (NYSE:KEX) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The firm earned “Equal-Weight” rating on Monday, November 28 by Stephens. Stifel Nicolaus maintained Kirby Corporation (NYSE:KEX) on Thursday, July 27 with “Hold” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, January 28.

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.

Investors wait Kirby Corporation (NYSE:KEX) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.48 EPS, down $0.11 or 18.64 % from last year’s $0.59 same quarter earnings. This translates into $25.89M profit for KEX giving the stock a 33.41 P/E. This is assuming the current $0.48 EPS is accurate. Kirby Corporation’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.48 EPS reproted in the previous quarter,

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 First Quarter Results” published on April 26, 2017, Prnewswire.com published: “Kirby Corporation Announces 2017 Second Quarter Results” on July 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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