Jefferies reiterated coverage on Kirby with a new price target
$KEX
Marine Transportation
Consumer Discretionary
Jefferies reiterated coverage of Kirby with a rating of Hold and set a new price target of $58.00 from $48.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2024 | $126.00 | Outperform | Wolfe Research |
| 1/28/2022 | $80.00 | Neutral → Buy | BTIG Research |
| 1/28/2022 | Neutral → Buy | BTIG | |
| 10/28/2021 | $58.00 → $55.00 | Hold | Jefferies |
| 10/12/2021 | $64.00 → $65.00 | Hold → Buy | Stifel |
Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
HOUSTON, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Rocky B. Dewbre as a new independent member of the Company's Board, effective immediately, pursuant to a cooperation agreement with Kirby shareholder JCP Investment Management, LLC ("JCP"). Following the appointment of Mr. Dewbre, the Kirby Board of Directors will expand to eleven directors, nine of whom are independent. "We welcome Rocky to the Kirby Board of Directors," said Joseph H. Pyne, Chairman of the Kirby Board of Directors. "Rocky brings additive expertise given his leadership and board service across sectors. With bright prospects for continued g
HOUSTON, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Susan W. Dio to the Company's Board, effective January 24, 2023. Following the appointment of Ms. Dio, the Kirby Board of Directors will expand to ten directors, nine of whom are independent. Ms. Dio is a proven executive with more than 25 years of experience in international refining, petrochemicals and oil and gas. She most recently served as Chairman and President of BP America, providing oversight for BP's businesses in the United States. She previously served as Chief Executive Officer of BP Shipping, where she reset the organization's strategy and ope
HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors. Since June 2021, Mr. Williams has served as the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Prior to his appointment as Acting Chief Executive Officer, Mr. Williams was Chairman
Wolfe Research initiated coverage of Kirby with a rating of Outperform and set a new price target of $126.00
BTIG Research upgraded Kirby from Neutral to Buy and set a new price target of $80.00
BTIG upgraded Kirby from Neutral to Buy
B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:KEX) with a Buy and raises the price target from $138 to $141.
Kirby's (NYSE:KEX) short percent of float has risen 5.29% since its last report. The company recently reported that it has 922 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.18 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
Kirby (NYSE:KEX) has outperformed the market over the past 20 years by 1.23% on an annualized basis producing an average annual return of 9.63%. Currently, Kirby has a market capitalization of $6.68 billion. Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $617.35 today based on a price of $114.51 for KEX at the time of writing. Kirby's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edito
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