Kinder Morgan Canada (KML) PT Lowered to C$14.50

Kinder Morgan Canada (TSE:KML) had its target price dropped by stock analysts at TD Securities from C$16.00 to C$14.50 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 17.60% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of Kinder Morgan Canada from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$17.00 to C$14.00 in a research note on Monday. CIBC downgraded shares of Kinder Morgan Canada from a “neutral” rating to an “underperform” rating and decreased their price target for the company from C$15.00 to C$13.00 in a research note on Friday. CSFB decreased their price target on shares of Kinder Morgan Canada from C$16.00 to C$14.00 in a research note on Friday. Finally, National Bank Financial lifted their price objective 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.

KML traded down C$0.77 during midday trading on Monday, hitting C$12.33. The company had a trading volume of 490,726 shares, compared to its average volume of 238,062. Kinder Morgan Canada has a 52 week low of C$12.00 and a 52 week high of C$54.00. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 63.46. The company has a market cap of $1.50 billion and a P/E ratio of 1.05.

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

Kinder Morgan Canada Company Profile

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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