Kinder Morgan Canada (KML) Hits New 12-Month Low After Analyst Downgrade

Kinder Morgan Canada Ltd (TSE:KML)’s share price hit a new 52-week low during mid-day trading on Monday after CIBC downgraded the stock from a neutral rating to an underperform rating. CIBC now has a C$13.00 price target on the stock, down from their previous price target of C$15.00. Kinder Morgan Canada traded as low as C$12.00 and last traded at C$12.17, with a volume of 432326 shares. The stock had previously closed at C$13.10.

A number of other equities analysts have also issued reports on the stock. 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. Royal Bank of Canada reduced their target price on shares of Kinder Morgan Canada from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Thursday, January 24th. Finally, National Bank Financial upped their target price on shares of Kinder Morgan Canada from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 21st.

The company has a debt-to-equity ratio of 63.46, a quick ratio of 0.59 and a current ratio of 0.76. The firm has a market capitalization of $1.50 billion and a price-to-earnings ratio of 1.03.

Kinder Morgan Canada (TSE:KML) last posted its earnings results on Wednesday, April 17th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$102.00 million during the quarter. On average, equities research analysts expect that Kinder Morgan Canada Ltd will post 0.430000006032064 EPS for the current fiscal year.

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About Kinder Morgan Canada (TSE:KML)

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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