Kinder Morgan Canada (TSE:KML) had its price objective reduced by BMO Capital Markets from C$17.00 to C$13.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 12.17% from the company’s previous close.
A number of other research analysts have also issued reports on KML. TD Securities cut their price target on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating on the stock in a research note on Thursday, July 18th. CIBC restated a “hold” rating and set a $2.50 price target on shares of Advantage Oil & Gas in a research note on Thursday, July 18th. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. set a €7.50 ($8.72) price target on shares of Schaeffler and gave the company a “sell” rating in a research note on Monday. Finally, CSFB lowered shares of Kinder Morgan Canada from an “outperform” rating to a “neutral” rating and set a C$14.00 price target on the stock. in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Kinder Morgan Canada currently has an average rating of “Hold” and an average price target of C$13.36.
Kinder Morgan Canada stock traded up C$0.11 during mid-day trading on Tuesday, reaching C$11.59. 166,757 shares of the company traded hands, compared to its average volume of 205,566. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 59.65. Kinder Morgan Canada has a fifty-two week low of C$11.06 and a fifty-two week high of C$52.50. The firm has a market capitalization of $1.32 billion and a P/E ratio of 0.98. The company has a fifty day moving average price of C$11.69.
Kinder Morgan Canada Company Profile
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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