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A statement released earlier today by Vetr Inc. about Kirby Corporation (NYSE:KEX) raises the target price to $53.00

Yesterday Kirby Corporation (NYSE:KEX) traded 0.63% higher at $55.09. Kirby Corporation’s 50-day average is $54.51 and its 200-day moving average is $61.44. With the last stock price down 8.67% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 782,291 shares of Kirby Corporation traded hands, down from ann avg. trading volume of 786,789.

Reporting a possible downside of -0.04%, Vetr Inc. raised the price target of Kirby Corporation (NYSE:KEX) to $53

Performance Graphic:

Kirby Corporation (NYSE:KEX)

A total of 12 brokers have issued a research note on the stock. Three firms rate the company a strong buy, one firm rate the company a buy, eight firms rate the stock a hold, one brokerage rate the company to underperform, and lastly 0 brokeragesrate the stock as sell with a consensus target of $64.67

Kirby Corporation has a 52 week low of $44.63 and a one-year high of $73.25 with a price-earnings ratio of 16. The company’s total market value is presently $0.0.

Brief Synopsis On Kirby Corporation (NYSE:KEX)

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a 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 the three United States coasts and in Alaska and Hawaii. Its 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, and maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines.

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