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Kirby Corp. (KEX): Today's Featured Transportation Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Kirby (KEX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Kirby fell $1.43 (-2.6%) to $53.22 on average volume. Throughout the day, 686,320 shares of Kirby exchanged hands as compared to its average daily volume of 692,700 shares. The stock ranged in price between $52.25-$55.08 after having opened the day at $54.71 as compared to the previous trading day's close of $54.65. Other companies within the Transportation industry that declined today were: DS Torm (TRMD), down 6.9%, Frontline (FRO), down 4.7%, Newlead Holdings (NEWL), down 4.3%, and Globus Maritime (GLBS), down 3.8%.

Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services primarily in the United States. Its Marine Transportation segment provides transportation services for the inland and coastal markets. Kirby has a market cap of $3.01 billion and is part of the services sector. The company has a P/E ratio of 14.9, above the average transportation industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.9% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Kirby a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Kirby as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, US Airways Group (LCC), up 7.8%, PHI Incorporated (PHII), up 7.1%, Danaos Corporation (DAC), up 2.6%, and Delta Air Lines (DAL), up 2.6%, were all gainers within the transportation industry with Kansas City Southern (KSU) being today's featured transportation industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation (IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials (SIJ).

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