Kinder Morgan Canada (TSE:KML) Raised to “Neutral” at CIBC

CIBC upgraded shares of Kinder Morgan Canada (TSE:KML) from an underperform rating to a neutral rating in a report issued on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on KML. Royal Bank of Canada upped their target price on NVIDIA to $200.00 and gave the company an outperform rating in a research report on Monday, May 13th. TD Securities cut their target price on Kinder Morgan Canada from C$14.50 to C$12.50 and set a hold rating on the stock in a research report on Thursday. National Bank Financial lowered Toronto-Dominion Bank from an outperform rating to a sector perform rating in a research report on Thursday, May 23rd. Finally, CSFB lowered Kinder Morgan Canada from an outperform rating to a neutral rating and set a C$14.00 target price on the stock. in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Kinder Morgan Canada presently has a consensus rating of Hold and an average target price of C$13.50.

Shares of KML stock opened at C$12.07 on Thursday. Kinder Morgan Canada has a 1-year low of C$11.06 and a 1-year high of C$52.50. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 63.46. The company has a 50-day moving average of C$11.69. The firm has a market capitalization of $1.37 billion and a PE ratio of 1.03.

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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Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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