Kinder Morgan Canada Ltd (KML) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kinder Morgan Canada Ltd (TSE:KML) have earned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$18.25.

KML has been the subject of a number of research reports. TD Securities cut Kinder Morgan Canada from an “action list buy” rating to a “buy” rating and set a C$24.00 target price for the company. in a report on Thursday, February 22nd. CIBC cut Kinder Morgan Canada from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$23.00 to C$22.00 in a report on Tuesday, April 10th. Royal Bank of Canada decreased their target price on Kinder Morgan Canada from C$24.00 to C$18.00 and set an “outperform” rating for the company in a report on Wednesday, May 30th. Scotiabank reiterated an “outperform” rating and set a C$23.00 target price on shares of Kinder Morgan Canada in a report on Monday, April 16th. Finally, National Bank Financial reiterated a “sector perform” rating and set a C$17.00 target price (down previously from C$19.00) on shares of Kinder Morgan Canada in a report on Wednesday, May 30th.

KML traded up C$0.13 during midday trading on Thursday, hitting C$15.67. The company’s stock had a trading volume of 616,522 shares, compared to its average volume of 411,933. Kinder Morgan Canada has a 52-week low of C$14.93 and a 52-week high of C$20.00.

Kinder Morgan Canada (TSE:KML) last issued its earnings results on Wednesday, April 18th. The company reported C$0.10 earnings per share (EPS) for the quarter. Kinder Morgan Canada had a return on equity of 3.58% and a net margin of 25.27%. The business had revenue of C$164.20 million during the quarter.

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 Trans Mountain pipeline that transports approximately 300,000 barrels per day of crude oil and refined petroleum from Edmonton, Alberta to Burnaby, British Columbia; Puget Sound pipeline serving Washington State; and Jet Fuel pipeline serving Vancouver International Airport.

Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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