Kinder Morgan Canada Ltd (TSE:KML) Receives C$13.93 Average Target Price from Analysts

Kinder Morgan Canada Ltd (TSE:KML) has received an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.93.

KML has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Kinder Morgan Canada from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 22nd. National Bank Financial lowered their price objective on shares of Kinder Morgan Canada from C$15.00 to C$14.50 and set a “tender” rating for the company in a research report on Thursday, October 17th. CSFB raised their price objective on shares of Kinder Morgan Canada from C$14.00 to C$15.00 in a research report on Thursday, August 22nd. Finally, CIBC dropped their target price on shares of Kinder Morgan Canada from C$15.00 to C$14.50 in a research note on Thursday, October 17th.

Kinder Morgan Canada stock opened at C$13.98 on Friday. The company has a debt-to-equity ratio of 63.46, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market cap of $1.69 billion and a P/E ratio of 35.66. The business’s fifty day moving average is C$14.27 and its two-hundred day moving average is C$13.07. Kinder Morgan Canada has a 52 week low of C$10.55 and a 52 week high of C$49.23.

Kinder Morgan Canada (TSE:KML) last announced its earnings results on Wednesday, October 16th. The company reported C$0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.05). The firm had revenue of C$102.30 million during the quarter, compared to the consensus estimate of C$62.46 million. On average, equities research analysts predict that Kinder Morgan Canada will post 0.36 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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