Stock Rating Upgrade
In recent days the Value Trend Rating for Kirby Corp (NYSE: KEX) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/8/24, Kirby Corp (NYSE: KEX) stock declined modestly by -1.4%, closing at $87.95. However, this decline was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
KEX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Kirby has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kirby has a neutral Appreciation Score of 55 but a good Power Rating of 72, triggering the Positive Value Trend Rating.
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