
Kirby (KEX) Stock Forecast & Price Target
Kirby (KEX) Analyst Ratings
Bulls say
Kirby is expected to benefit from the ongoing recovery in the inland tank barge market, along with a strengthening power generation demand and a solid balance sheet for further consolidation in the industry. In addition, with demand for Jones Act tankers and barges remaining firm despite recent waivers, overall pricing is expected to keep grinding higher. This, along with growing margins in the inland fleet and a turnaround in the D&S business, makes Kirby a strong investment opportunity with a target price of $170, which offers a premium to long-term average PE multiple.
Bears say
Kirby is facing challenges with slow demand recovery, an oversupply of barges, and potential disruptions to its supply chain and demand for petrochemicals. Additionally, while its inland petrochemical volumes were flat, its upriver and gulf-coast volumes saw a decrease, possibly influenced by a tough winter. These factors, combined with a temporarily waived US Jones Act, could negatively impact Kirby's coastal barge market trade.
This aggregate rating is based on analysts' research of Kirby and is not a guaranteed prediction by Public.com or investment advice.
Kirby (KEX) Analyst Forecast & Price Prediction
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