Kirby Corporation (NYSE:KEX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Boasting a price of $61.68, Kirby Corporation (NYSE:KEX) traded -0.77% lower on the day. With the last stock price close up 0.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Kirby Corporation has recorded a 50-day average of $56.16 and a two hundred day average of $61.40. Volume of trade was down over the average, with 513,306 shares of KEX changing hands under the typical 781,325
Zacks Investment Research has downgraded Kirby Corporation (NYSE:KEX) to Hold in a statement released on 10/04/2016.
On Wednesday September 28, 2016, Stifel Nicolaus released a statement for Kirby Corporation (NYSE:KEX) bumped up the target price from $50.00 to $54.00 that suggested a downside of -0.09%.
With a total market value of $0, Kirby Corporation has price-earnings ratio of 18.09 with a one year low of $44.63 and a one year high of $73.25 .
A total of 12 equity analysts have released a ratings update on KEX. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, eight equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $64.67.
Brief Synopsis About 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, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines.
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