Kirby Corporation (NYSE:KEX) traded at a new 52-week high today of $74.20. So far today approximately 128,000 shares have been exchanged, as compared to an average 30-day volume of 571,000 shares.
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.
In the past 52 weeks, shares of Kirby Corporation have traded between a low of $47.58 and a high of $74.20 and is now at $73.16, which is 54% above that low price.
Kirby Corporation (NYSE:KEX) is currently priced 2.8% above its average consensus analyst price target of $71.10.
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