Kirby Corp (NYSE: KEX) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
Slight negative changes in fundamentals have recently occurred for Kirby Corp (NYSE: KEX): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KEX is expected to continue to be a Value Builder.
Kirby has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kirby has a neutral Appreciation Score of 45 but a very high Power Rating of 88, and the Positive Value Trend Rating results.
Recent Price Action
Kirby Corp (NYSE: KEX) stock declined modestly by -1.5% on 12/12/23. The stock closed at $72.84. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.4% during the last week.
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