Kinder Morgan Canada (TSE:KML) Cut to Tender at National Bank Financial

National Bank Financial lowered shares of Kinder Morgan Canada (TSE:KML) from an underperform rating to a tender rating in a research note released on Thursday morning, BayStreet.CA reports. National Bank Financial currently has C$15.00 price target on the stock, up from their prior price target of C$14.00.

Other analysts have also recently issued research reports about the stock. CIBC raised shares of Kinder Morgan Canada from an underperform rating to a neutral rating in a report on Thursday, July 18th. CSFB cut shares of Kinder Morgan Canada from an outperform rating to a neutral rating and set a C$14.00 price objective on the stock. in a report on Thursday, July 18th. Royal Bank of Canada cut shares of Kinder Morgan Canada from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$17.00 to C$14.00 in a report on Monday, May 13th. BMO Capital Markets dropped their price objective on shares of Kinder Morgan Canada from C$17.00 to C$13.00 in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and issued a C$13.00 price objective on shares of Kinder Morgan Canada in a report on Monday, July 29th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus target price of C$14.07.

Kinder Morgan Canada stock opened at C$14.31 on Thursday. The firm’s 50-day moving average is C$11.56 and its 200-day moving average is C$13.46. The company has a debt-to-equity ratio of 61.57, a quick ratio of 0.55 and a current ratio of 0.79. Kinder Morgan Canada has a 1 year low of C$10.55 and a 1 year high of C$52.50. The company has a market cap of $500.06 million and a P/E ratio of 1.21.

Kinder Morgan Canada (TSE:KML) last released its quarterly earnings data on Wednesday, July 17th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$104.90 million during the quarter. As a group, sell-side analysts predict that Kinder Morgan Canada will post 0.38 earnings per share 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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Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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