Kinder Morgan Canada (TSE:KML) had its price target lowered by equities research analysts at CIBC from C$15.00 to C$14.50 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 1.97% from the stock’s current price.
A number of other equities analysts also recently issued reports on KML. BMO Capital Markets cut their target price on Kinder Morgan Canada from C$17.00 to C$13.00 in a research note on Tuesday, July 30th. Royal Bank of Canada increased their target price on Kinder Morgan Canada from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. TD Securities cut their target price on Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating for the company in a research note on Thursday, July 18th. CSFB increased their target price on Kinder Morgan Canada from C$14.00 to C$15.00 in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a C$13.00 target price on shares of Kinder Morgan Canada in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of C$13.93.
Shares of KML stock opened at C$14.22 on Thursday. The company has a market cap of $1.66 billion and a price-to-earnings ratio of 1.20. The stock has a 50 day simple moving average of C$14.66 and a 200-day simple moving average of C$13.24. Kinder Morgan Canada has a 12-month low of C$10.55 and a 12-month high of C$49.80. The company has a current ratio of 0.79, a quick ratio of 0.55 and a debt-to-equity ratio of 61.57.
Kinder Morgan Canada (TSE:KML) last issued its earnings results on Wednesday, July 17th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$104.90 million for the quarter. On average, equities analysts forecast that Kinder Morgan Canada will post 0.3697407 earnings per share for the current fiscal year.
About Kinder Morgan Canada
Kinder Morgan Canada Limited owns and operates pipeline systems and terminal facilities in Canada. It operates through two segments, Pipelines and Terminals. The Pipelines segment operates Canadian portion of the Cochin pipeline system, a 12-inch diameter multi-product pipeline that comprises of 1000-kilometers of pipeline, and 38 block valves and 10 pump stations for transporting light hydrocarbon liquids between Kankakee, Illinois and Fort Saskatchewan, Alberta; and Jet Fuel pipeline serving Vancouver International Airport.
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