JPMorgan Chase & Co. Reiterates Neutral Rating for Kinder Morgan Canada (TSE:KML)

JPMorgan Chase & Co. reissued their neutral rating on shares of Kinder Morgan Canada (TSE:KML) in a research report report published on Monday, July 29th, BayStreet.CA reports. They currently have a C$13.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. TD Securities reduced their price objective on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a hold rating for the company in a research report on Thursday, July 18th. CIBC upgraded shares of Kinder Morgan Canada from an underperform rating to a neutral rating in a research note on Thursday, July 18th. National Bank Financial upgraded shares of Kinder Morgan Canada from a sector perform rating to an outperform rating and dropped their target price for the company from C$17.00 to C$14.00 in a research note on Thursday, May 23rd. CSFB cut shares of Kinder Morgan Canada from an outperform rating to a neutral rating and set a C$14.00 target price on the stock. in a research note on Thursday, July 18th. Finally, Royal Bank of Canada cut shares of Kinder Morgan Canada from an outperform rating to a sector perform rating and dropped their price target for the company from C$17.00 to C$14.00 in a research note on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of C$13.36.

Shares of TSE KML traded up C$3.47 during trading on Monday, hitting C$14.45. 3,902,012 shares of the company traded hands, compared to its average volume of 218,168. The business’s fifty day moving average is C$11.38 and its 200 day moving average is C$13.46. Kinder Morgan Canada has a fifty-two week low of C$10.55 and a fifty-two week high of C$52.50. The firm has a market capitalization of $1.68 billion and a price-to-earnings ratio of 1.22. 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 (TSE:KML) last posted its earnings results on Wednesday, July 17th. The company reported C$0.12 EPS for the quarter. The business had revenue of C$104.90 million for the quarter. On average, analysts predict that Kinder Morgan Canada will post 0.38 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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Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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