Bull’s Eye Report: Kirby (KEX)

A bounce off the 50-day M.A. could be setting the stock up for a nice run.

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T.
Stop Loss
Kirby Corp. KEX Marine 8.6 +32.15% $80.77


Why We Like The Stock:

Kirby Corp. (KEX) is our most compelling buy today due to the fact that it is a top-rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Industrials have been up and down this year, with some stocks posting very strong gains – ManPower Group (MAN), Towers Watson (TW) and Alliant TechSystems (ATK) – while others falter – GATX Corp. (GMT), Norfolk Southern (NSC) and Clean Harbors (CLH).

KEX is an interesting stock as its sub-industry is rather unique, so it is not generally lumped with other Industrials movers. KEX has maintained a strong up-trend since June 2012, and looks great in the short term. The stock recently hit intraday highs of $88.48 on Aug. 1 before pulling back to current prices. This past week, KEX bounced nicely off of its 50-day moving average and is on the upswing once again. We like KEX for its controlled and traceable trending, as well as its relatively low level of volatility. We would be buyers at current prices.

We Would Be Buyers:

At the current price (~$83.40).

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Company Profile:

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii. The Company transports petrochemicals, black oil products, refined petroleum products and agricultural chemicals by tank barge. The Company, through its subsidiaries, conducts operations in two business segments: marine transportation and diesel engine services. On Dec. 15, 2011, the Company completed the purchase of the coastal tank barge fleet of Seaboats, Inc. and affiliated companies. On July 1, 2011, the Company completed the acquisition of K-Sea Transportation Partners L.P. On April 15, 2011, the Company purchased United Holdings LLC. On Feb. 24, 2011, it acquired 21 inland and offshore tank barges and 15 inland towboats and offshore tugboats from Enterprise Marine Services LLC. On Feb. 9, 2011, it acquired from Kinder Morgan Petcoke, L.P.

Stock Rating:

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Disclosure:

At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

Kirby Corp. - Last 3 Months

 Bulls Eye Report: Kirby (KEX)

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 Bulls Eye Report: Kirby (KEX)

Kirby Corp. - Last 5 Years

 Bulls Eye Report: Kirby (KEX)


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