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: $63.96 -0.67%

Rating Summary:
    8 Buy, 7 Hold, 1 Sell

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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.

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