Kinder Morgan Canada (TSE:KML) Raised to “Neutral” at CIBC

CIBC upgraded shares of Kinder Morgan Canada (TSE:KML) from an underperform rating to a neutral rating in a report published on Thursday, BayStreet.CA reports.

KML has been the topic of a number of other reports. National Bank Financial downgraded Toronto-Dominion Bank from an outperform rating to a sector perform rating in a research report on Thursday, May 23rd. Royal Bank of Canada lifted their target price on NVIDIA to $200.00 and gave the stock an outperform rating in a research report on Monday, May 13th. TD Securities decreased their target price on Kinder Morgan Canada from C$14.50 to C$12.50 and set a hold rating on the stock in a research report on Thursday. Finally, CSFB downgraded 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 report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Kinder Morgan Canada currently has an average rating of Hold and an average price target of C$13.50.

Shares of TSE:KML opened at C$12.07 on Thursday. The firm has a market capitalization of $1.37 billion and a P/E ratio of 1.03. The company has a 50-day simple moving average of C$11.69. Kinder Morgan Canada has a 52-week low of C$11.06 and a 52-week high of C$52.50. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 63.46.

Kinder Morgan Canada (TSE:KML) last issued its quarterly earnings results on Wednesday, April 17th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$102.00 million during the quarter. Research analysts predict that Kinder Morgan Canada will post 0.41 EPS for the current fiscal 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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