Jefferies Reiterates Their Buy Rating on Kirby

By Austin Angelo

In a report released today, Douglas Mavrinac from Jefferies reiterated a Buy rating on Kirby (NYSE: KEX), with a price target of $85. The company’s shares closed last Friday at $66.80.

According to TipRanks.com, Mavrinac is a 4-star analyst with an average return of 4.1% and a 44.2% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Kirby has an analyst consensus of Moderate Buy, with a price target consensus of $74.67.

Kirby’s market cap is currently $3.61B and has a P/E ratio of 27.60. The company has a book value ratio of 1.4835.

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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. The Marine Transportation segment provides marine transportation services, operates tank barges and towing vessels transporting bulk liquid products and transports petrochemicals, refined petroleum products, black oil products and agricultural chemicals by tank barge. The Diesel Engine Services segment sells genuine 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, transmissions and reduction gears and manufactures and remanufactures oilfield service equipment, including pressure pumping units. The company was founded on January 31, 1969 and is headquartered in Houston, TX.