Kinder Morgan Canada (TSE:KML) Rating Lowered to Tender at National Bank Financial

Kinder Morgan Canada (TSE:KML) was downgraded by research analysts at National Bank Financial from an “underperform” rating to a “tender” rating in a report released on Thursday, BayStreet.CA reports. They presently have a C$15.00 target price on the stock, up from their previous target price of C$14.00. National Bank Financial’s price target suggests a potential upside of 2.18% from the stock’s previous close.

Several other analysts also recently commented on KML. CSFB downgraded shares of Kinder Morgan Canada from an “outperform” rating to a “neutral” rating and set a C$14.00 target price for the company. in a report on Thursday, July 18th. Royal Bank of Canada downgraded shares of Kinder Morgan Canada from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$17.00 to C$14.00 in a report on Monday, May 13th. BMO Capital Markets lowered their target price on shares of Kinder Morgan Canada from C$17.00 to C$13.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$13.00 target price on shares of Kinder Morgan Canada in a report on Monday, July 29th. Finally, TD Securities lowered their target price on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating for the company in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of C$14.07.

KML traded up C$0.23 during trading on Thursday, hitting C$14.68. 2,070,975 shares of the company’s stock were exchanged, compared to its average volume of 229,247. The business’s 50 day moving average is C$11.45 and its two-hundred day moving average is C$13.46. The stock has a market cap of $1.68 billion and a P/E ratio of 1.24. The company has a quick ratio of 0.55, a current ratio of 0.79 and a debt-to-equity ratio of 61.57. Kinder Morgan Canada has a fifty-two week low of C$10.55 and a fifty-two week high of C$52.50.

Kinder Morgan Canada (TSE:KML) last announced its earnings results on Wednesday, July 17th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$104.90 million during the quarter. On average, sell-side analysts forecast that Kinder Morgan Canada will post 0.38 earnings per share for the current 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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Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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