KEX - Shares of Kirby Corporation (KEX) Exceed 52-Week High
Kirby Corporation (NYSE:KEX) traded at a new 52-week high today of $72.59. Approximately 72,000 shares have changed hands today, as compared to an average 30-day volume of 532,000 shares.
Kirby Corporation share prices have moved between a 52-week high of $72.59 and a 52-week low of $47.58 and are now trading 52% above that low price at $72.39 per share.
Kirby Corporation (NYSE:KEX) defies analysts with a current price ($72.39) 3.5% above its average consensus price target of $69.87.
In its legacy marine transportation segment (46% of first-half 2018 sales), Kirby operates the largest fleet of tank barges on the U.S. inland waterway system. Since its incorporation in 1969, the firm's marine division has built a market- leading position by successfully rolling up smaller tank-barge fleets. Kirby also runs a large diesel-engine and oilfield-equipment services operation (54% of sales), that primarily serves the oil and gas industry, but also commercial and industrial customers.
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