Kinder Morgan Canada (TSE:KML) had its target price decreased by equities researchers at CIBC from C$15.00 to C$14.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 1.54% from the stock’s current price.
KML has been the topic of several other reports. Royal Bank of Canada upped their price objective on shares of Kinder Morgan Canada from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. CSFB upped their price objective on shares of Kinder Morgan Canada from C$14.00 to C$15.00 in a report on Thursday, August 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a C$13.00 price objective on shares of Kinder Morgan Canada in a report on Monday, July 29th. BMO Capital Markets dropped their price objective on shares of Kinder Morgan Canada from C$17.00 to C$13.00 in a report on Tuesday, July 30th. Finally, National Bank Financial dropped their price objective on shares of Kinder Morgan Canada from C$15.00 to C$14.50 and set a “tender” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of C$13.93.
Shares of KML stock traded up C$0.05 during trading hours on Thursday, hitting C$14.28. The company’s stock had a trading volume of 217,690 shares, compared to its average volume of 261,677. The company has a 50 day moving average of C$14.65 and a 200 day moving average of C$13.26. The stock has a market cap of $1.67 billion and a PE ratio of 1.21. 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 has a 12-month low of C$10.55 and a 12-month high of C$50.37.
Kinder Morgan Canada (TSE:KML) last released its quarterly earnings data on Wednesday, July 17th. The company reported C$0.12 EPS for the quarter. The business had revenue of C$104.90 million during the quarter. As a group, analysts anticipate 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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