Stifel Nicolaus Believes Kirby (KEX) Won’t Stop Here


In a report released today, Benjamin Nolan from Stifel Nicolaus maintained a Buy rating on Kirby (NYSE: KEX), with a price target of $103. The company’s shares closed yesterday at $90.35, close to its 52-week high of $92.15.

According to TipRanks.com, Nolan is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.9% and a 50.5% success rate. Nolan covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Star Bulk Carriers, and Golar LNG Limited.

Kirby has an analyst consensus of Strong Buy, with a price target consensus of $101.

See today’s analyst top recommended stocks >>

Based on Kirby’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $32.32 million. In comparison, last year the company had a net profit of $27.29 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kirby Corp. engages in the provision of diesel engines, reduction gears and ancillary products for marine and power generation applications. It operates through the Marine Transportation and Diesel Engine Services segments.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts