Stock Rating Downgrade
The Value Trend Rating for Kirby Corp (NYSE: KEX) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Kirby Corp (NYSE: KEX) stock rose modestly by 0.3% on 3/18/24. The stock closed at $88.71. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 0.9% 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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kirby has a neutral Appreciation Score of 54 but a good Power Rating of 71, producing the High Neutral Value Trend Rating.
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