Jefferies Raises PT on Kirby Corp (KEX); Starting To Fire On All Cylinders

February 1, 2013 9:23 AM EST
Get Alerts KEX Hot Sheet
Price: $66.40 --0%

Rating Summary:
    8 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
Trade KEX Now!
Join SI Premium – FREE
Jefferies raised estimates and its price target on Kirby Corporation (NYSE: KEX) from $70 to $87 following Q4 results.

The firm comments, "Kirby reported 4Q12 EPS of $1.03, including the United earn-out reversal credit of $0.09. Excluding the credit, Kirby would have reported 4Q12 EPS of $0.94 which still easily exceeded Street consensus of $0.86 as well as our estimate of $0.88 primarily due to strength in the coastal marine transportation business. Kirby also introduced 2013 EPS guidance of $4.00 to $4.20."

Jefferies raised FY2013 EPS estimates from $4.10 to $4.20.

For an analyst ratings summary and ratings history on Kirby Corporation click here. For more ratings news on Kirby Corporation click here.

Shares of Kirby Corporation closed at $70.65 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment