Jefferies Raises PT on Kirby Corp (KEX); Starting To Fire On All Cylinders
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Get Alerts KEX Hot Sheet
Price: $80.35 --0%
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 1 | New: 9
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 1 | New: 9
Trade KEX Now!
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, with a 52 week range of $42.78-$72.29.
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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, with a 52 week range of $42.78-$72.29.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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