Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Kirby Corp (NYSE: KEX) weakened of late. KEX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Kirby Corp (NYSE: KEX) stock closed at $78.39 on 1/5/24 after a modest gain of 0.5%. However, below average trading volume at 67% of normal accompanied the advance. The stock has declined -1.4% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
KEX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kirby has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kirby has a neutral Appreciation Score of 42 but a good Power Rating of 82, leading to the High Neutral Value Trend Rating.
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