Kinder Morgan Canada (TSE:KML) Price Target Raised to C$17.00 at National Bank Financial

Kinder Morgan Canada (TSE:KML) had its price target boosted by stock analysts at National Bank Financial from C$16.00 to C$17.00 in a report issued on Thursday, March 21st, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 9.32% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on KML. CSFB reduced their target price on shares of Kinder Morgan Canada from C$17.00 to C$16.00 in a research report on Wednesday, January 16th. TD Securities lowered their target price on Kinder Morgan Canada from C$16.50 to C$15.00 and set a “hold” rating for the company in a research note on Wednesday, January 9th. Finally, Royal Bank of Canada lowered their target price on Kinder Morgan Canada from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, January 24th.

KML traded down C$0.04 during trading on Thursday, reaching C$15.55. The company had a trading volume of 143,658 shares, compared to its average volume of 215,110. Kinder Morgan Canada has a 12 month low of C$14.04 and a 12 month high of C$54.30. The firm has a market cap of $1.81 billion and a P/E ratio of 1.30.

Kinder Morgan Canada (TSE:KML) last issued its earnings results on Wednesday, January 16th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$105.20 million for the quarter. As a group, research analysts forecast that Kinder Morgan Canada will post 0.540000027779173 EPS 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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