Kinder Morgan Canada (TSE:KML) had its price objective cut by investment analysts at CSFB from C$16.00 to C$14.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CSFB’s price target indicates a potential upside of 6.71% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. National Bank Financial raised their price target on shares of Kinder Morgan Canada from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st. CIBC raised their price target on shares of Kinder Morgan Canada from C$14.75 to C$15.00 in a report on Thursday, April 18th. Finally, Royal Bank of Canada cut their price target on shares of Kinder Morgan Canada from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Thursday, January 24th.
Shares of Kinder Morgan Canada stock traded down C$2.04 during midday trading on Friday, reaching C$13.12. 1,448,936 shares of the company’s stock traded hands, compared to its average volume of 231,732. The company has a market capitalization of $1.76 billion and a P/E ratio of 1.11. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 63.46. Kinder Morgan Canada has a 52 week low of C$12.72 and a 52 week high of C$54.00.
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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