|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||83.42 - 85.03|
|52 Week Range||60.63 - 86.44|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||43.56|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||90.50|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kirby Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Some Kirby Corporation (NYSE:KEX) shareholders may be a little concerned to see that the Independent Director, William...
Kirby Corporation ("Kirby") (KEX) today announced the appointment of Tanya S. Beder as a new member of the Kirby Board of Directors. Ms. Beder has an extensive background with professional, board, and academic experience and service. Kirby is proud to welcome her as the 10th Director of the Board.
Kirby Corp. (NYSE: KEX) reported third-quarter results that beat consensus estimates as barge operations in the U.S. Midwest returned to normal after months of severe flooding. The Houston-based company narrowed its earnings guidance for 2019 as it expects a seasonally slow fourth quarter in marine transportation and the oil and gas industry. The largest U.S. owner of tank barges for liquid bulk materials, Kirby reported net earnings of $48 million for the quarter, or $0.80 per share, up 15% from a year earlier.
Kirby (KEX) delivered earnings and revenue surprises of 12.68% and -7.35%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
2019 third quarter earnings per share of $0.80 Strong results in marine with improving markets and operating conditions Distribution and services impacted by continued.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]
Kirby Corporation ("Kirby") (KEX) will announce its 2019 third quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Friday, October 25, 2019. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. To listen to the conference call webcast, please visit the Investor Relations section of Kirby’s website at www.kirbycorp.com. For listeners who wish to participate in the question and answer session of the conference call webcast, you may access the call by dialing 866-691-5839 within the U.S. and Canada or +1 409-216-0840 internationally.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
If you've followed Wall Street's narrative throughout this year, I'm sure you've asked a question or two about CSX (NASDAQ:CSX). Specifically, why is the CSX stock price -- leaving aside July and August's volatility -- doing so well? After all, we've been hearing so much about the U.S.-China trade war and its impact on our economy. In that case, shares of the transportation giant should drop.Source: Wangkun Jia / Shutterstock.com Yes, the CSX stock price did decline in the summer months. Between the first of July and the end of August, the company's market value dropped a sizable 14%. Not coincidentally, that period covered the time when President Donald Trump threatened new tariffs against China. Unsurprisingly, the tough rhetoric rattled investors' nerves, sending the benchmark indices lower.But then a curious thing happened. Not known for tactful, diplomatic behavior, Trump dialed down some of his acerbic language. He's essentially called a temporary truce in the trade war, delaying an anticipated tariff bump-up by two weeks. Labeling it as a goodwill gesture, the president, according to his words, delayed the tariffs to allow China a distraction-free celebration of its republic's founding.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, does this signal a buy for economic bellwethers like CSX stock? Apparently, many market experts think so. * 10 Battered Tech Stocks to Buy Now For example, Oppenheimer technical analyst Ari Wald suggested that the markets are moving off of "cyclically oversold levels." Wald also noted that global equities "are beginning to base in a move higher."Of course, as a technical analyst, Wald interprets the charts using standard or accepted methodologies. I'm fine with that. However, I can't help but notice that when it comes to transportation, technical interpretations have been deceiving. That makes me question the upside narrative for the CSX stock price. Transportation Stocks Have Been Bull TrapsAlthough I'm a proponent of technical analysis, I'm also objective about it. Certainly, I can understand the criticisms that this methodology appears subjective. What appears a breakout pattern to one analyst could be a breakdown warning for another.For CSX stock and the transportation complex, some analysts have made interesting calls. For example, Investopedia contributor Casey Murphy laid out his case for various transportation stocks. Since he published his analysis near the end of June, we can back-test his chart interpretations.Before we begin, I want to make clear that I'm not trying to shine a spotlight on Murphy. Rather, I merely want to illustrate how reasonable technical assessments can sometimes go sour.Let's start with the SPDR S&P Transportation ETF (NYSEARCA:XTN). Murphy suggested that traders may put a $71 price target on XTN. Although the fund temporarily moved higher, XTN has been very choppy. Since his publication date, the fund has been mostly flat.Next, Murphy analyzed Hertz Global (NYSE:HTZ). Noting HTZ's sideways movement, he suggested that the broader price action is trending higher; thus, traders may have set their price target for $30. Instead, HTZ moved lower to under $15.Finally, we have Kirby (NYSE:KEX). Here, Murphy saw a buy signal called a "golden cross." Unfortunately, KEX wasn't so golden because it broke down quite severely. Only a recent rally has brought KEX to near break-even with the price at time of publication.Again, my point is not to gloat. Instead, I think we should be very careful in how we interpret the CSX stock price.Technical analysts love talking about how they're market agnostic -- that price is the only thing that matters. But I disagree. The fundamentals matter too, and that's probably why the transportation stocks' buy signals failed. Approach CSX Stock With Healthy SkepticismGenerally speaking, I think investors should approach CSX stock with healthy skepticism. That's because they should approach the broader markets with the same sense of doubt.Mainly, we're well over 400 days into the U.S.-China trade war. While Trump boasts that the U.S. has suffered no damage, there's no way that could be right. For instance, Moody's Analytics estimates that the trade war resulted in 300,000 fewer American jobs. That figure could jump to 450,000 jobs if the conflict continues.That's a matter of economics 101. If you have poor relations with the world's second-biggest economy, you will suffer. That does not augur well for economically sensitive names like CSX stock.So, what's the play call here? I'd sit this one out. Although the recent surge in the charts is interesting, the fundamentals contradict this enthusiasm. If push comes to shove, I'm going to go with what makes sense.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Ongoing Trade War Might Derail the Technical Argument for CSX Stock appeared first on InvestorPlace.
President & CEO of Kirby Corp (30-Year Financial, Insider Trades) David W Grzebinski (insider trades) sold 9,069 shares of KEX on 09/09/2019 at an average price of $78.4 a share. Continue reading...