The Analyst Verdict: Kirby In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Kirby Corp (NYSE:KEX) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The latest evaluations from four analysts show an increase in the 12-month price target to an average of $116.00, up from $100.00, indicating a positive sentiment shift. Kirby, a leading domestic tank barge operator, has shown notable revenue growth of 9.45% as of December 31, 2023, but faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA.
April 22, 2024 | 12:00 pm
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Kirby Corp has seen a positive shift in analyst sentiment, with an updated average 12-month price target of $116.00, reflecting a bullish outlook despite operational challenges.
The increase in the average price target to $116.00 from $100.00, based on recent analyst ratings, suggests a bullish sentiment towards Kirby Corp. This optimism is supported by Kirby's significant revenue growth of 9.45% as of the end of 2023. However, the company's below-average net margin, ROE, and ROA indicate operational challenges that could temper the positive impact on the stock price. The mixed analyst ratings, with recent upgrades, reflect a cautiously optimistic outlook that may influence short-term stock performance positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100