FY2019 Earnings Forecast for Kinder Morgan Canada Ltd Issued By National Bank Financial (TSE:KML)

Kinder Morgan Canada Ltd (TSE:KML) – Stock analysts at National Bank Financial decreased their FY2019 EPS estimates for shares of Kinder Morgan Canada in a research report issued to clients and investors on Wednesday, October 16th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $0.49 for the year, down from their previous forecast of $0.51. National Bank Financial has a “Tender” rating and a $14.50 price objective on the stock.

KML has been the subject of several other research reports. Royal Bank of Canada raised their target price on shares of Kinder Morgan Canada from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Thursday, August 22nd. BMO Capital Markets reduced their price target on shares of Kinder Morgan Canada from C$17.00 to C$13.00 in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a C$13.00 price target on shares of Kinder Morgan Canada in a research note on Monday, July 29th. CSFB raised their price target on shares of Kinder Morgan Canada from C$14.00 to C$15.00 in a research note on Thursday, August 22nd. Finally, CIBC reduced their price target on shares of Kinder Morgan Canada from C$15.00 to C$14.50 in a research note on Thursday. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of C$13.93.

Kinder Morgan Canada stock opened at C$14.22 on Monday. The firm has a 50-day moving average price of C$14.66 and a 200-day moving average price of C$13.24. The firm has a market capitalization of $1.66 billion and a PE ratio of 1.20. 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$49.80.

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.

See Also: Back-End Load

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