At Current Price, Is It Too Late To Buy Kirby Corporation (KEX)?

On Wednesday, shares of Kirby Corporation (NYSE:KEX) marked $50.74 per share versus a previous $53.56 closing price. With having a -5.27% loss, an insight into the fundamental values of Kirby Corporation, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. KEX showed a fall of -43.33% within its YTD performance, with highs and lows between $32.76 – $92.30 during the period of 52 weeks, compared to the simple moving average of -25.59% in the period of the last 200 days.

The Benchmark Company equity researchers changed the status of Kirby Corporation (NYSE: KEX) shares to a “Buy” rating in the report published on April 16th, 2020. Other analysts, including Stifel, also published their reports on KEX shares. Stifel repeated the rating from the previous report, marking KEX under “Hold” rating, in the report published on January 31st, 2020. Additionally, KEX shares got another “Hold” rating from Jefferies, setting a target price of $85 on the company’s shares, according to the report published in January 31st, 2020. On January 31st, 2020, BofA/Merrill Downgrade an Neutral rating and increased its price target to $84. On the other hand, Seaport Global Securities Upgrade the “Buy” rating for KEX shares, as published in the report on December 19th, 2019. Stephens seems to be going bullish on the price of KEX shares, based on the price prediction for KEX, indicating that the shares will jump from $93 to $96, giving the shares “Overweight” rating based on their report from July 29th, 2019. Another “Buy” rating came from BofA/Merrill.

Kirby Corporation (KEX) Analysis

The present dividend yield for KEX owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Kirby Corporation, the company needs to provide a healthy cash flow, currently at the value of 10.08. In addition, the growth of sales from quarter to quarter is recording -13.50%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Kirby Corporation (KEX) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -4.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 2.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while KEX is currently recording an average of 552.71K in volumes. The volatility of the stock on monthly basis is set at 4.10%, while the weekly volatility levels are marked at 4.19%with -4.59% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $54.71, indicating growth from the present price of $50.74, which can represent yet another valuable research and analysis points that can help you decide whether to invest in KEX or pass.

What to Look for When Analyzing Kirby Corporation Shares?

Kirby Corporation (KEX) is based in the USA and it represents one of the well-known company operating with Industrials sector. If you wish to compare KEX shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Kirby Corporation, while the value 17.95 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -2.31 is supported by the yearly EPS growth of 81.10%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.90%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 94.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in KEX Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in KEX in the recent period. That is how The Vanguard Group, Inc. now has an increase position in KEX by 1.55% in the first quarter, owning 5.28 million shares of KEX stocks, with the value of $270.85 million after the purchase of an additional 80,536 shares during the last quarter. In the meanwhile, Atlanta Capital Management Co. LL also increased their stake in KEX shares changed 1.49% in the first quarter, which means that the company now owns 4.44 million shares of company, all valued at $227.64 million after the acquisition of additional 65,349 shares during the last quarter.

ArrowMark Colorado Holdings LLC acquired a new position in Kirby Corporation during the first quarter, with the value of $147.04 million, and Diamond Hill Capital Management, increased their stake in the company’s shares by 10.07% in the first quarter, now owning 244,566 shares valued at $137.02 million after the acquisition of the additional 2.67 million shares during the last quarter. In the end, Dimensional Fund Advisors LP increased their position by 0.03% during the first quarter, now owning 1.54 million KEX shares, now holding the value of $78.8 million in KEX with the purchase of the additional 191,097 shares during the period of the last quarter. At the present, 94.00% of KEX shares are in the ownership of institutional investors.