Kinder Morgan Canada (TSE:KML) Given New C$15.00 Price Target at CIBC

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Kinder Morgan Canada (TSE:KML) had its target price increased by CIBC from C$13.00 to C$15.00 in a report published on Thursday morning, BayStreet.CA reports.

KML has been the topic of a number of other reports. BMO Capital Markets cut their price target on 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 objective on shares of Kinder Morgan Canada in a research note on Monday, July 29th. Royal Bank of Canada lowered Kinder Morgan Canada from an outperform rating to a sector perform rating and cut their price objective for the stock from C$17.00 to C$14.00 in a research note on Monday, May 13th. TD Securities cut their price objective on 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. Finally, CSFB lifted their price objective on Kinder Morgan Canada from C$14.00 to C$15.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average price target of C$14.07.

Shares of KML stock opened at C$14.31 on Thursday. The business’s 50-day moving average price is C$11.56 and its 200-day moving average price is C$13.46. Kinder Morgan Canada has a 12 month low of C$10.55 and a 12 month high of C$52.50. The firm has a market capitalization of $500.06 million and a price-to-earnings 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 (TSE:KML) last announced its quarterly 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 for the quarter. On average, sell-side analysts predict that Kinder Morgan Canada will post 0.38 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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