Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Kirby Corp before investing.

In this article, we go over a few key elements for understanding Kirby Corp’s stock price such as:

• Kirby Corp’s current stock price and volume
• Why Kirby Corp’s stock price changed recently
• Upgrades and downgrades for KEX from analysts
• KEX’s stock price momentum as measured by its relative strength

About Kirby Corp (KEX)

Before we jump into Kirby Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Kirby Corporation is a domestic tank barge operator. The Company operates through two segments: Marine Transportation, and Distribution and Services. The Marine Transportation segment provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts. The Distribution and Services segment sells after-market service and replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, specialized electrical distribution and control systems, energy storage battery systems, and related oilfield services equipment, rebuilds component parts or entire diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, and other industrial applications. It also rents equipment such as generators, industrial compressors, and others.

Want to learn more about Kirby Corp’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Kirby Corp.

What Caused Kirby Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 31, 2024, there were 3 analysts who downgraded Kirby Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Kirby Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Kirby Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Kirby Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Kirby Corp (KEX) by visiting AAII Stock Evaluator.

Relative Price Strength of Kirby Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 31, 2024, Kirby Corp has a weighted four-quarter relative price strength of -3.02%, which translates to a Momentum Score of 59 and is considered to be Average.

Want to learn more about how Kirby Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Kirby Corp Stock Price: Bottom Line

As of February 1, 2024, Kirby Corp’s stock price is $82.40, which is up 4.75% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Kirby Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.