National Bank Financial Upgrades Kinder Morgan Canada (KML) to Outperform

Kinder Morgan Canada (TSE:KML) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a C$14.00 price target on the stock, down from their previous price target of C$17.00. National Bank Financial’s target price would indicate a potential upside of 18.14% from the stock’s previous close.

A number of other research analysts also recently weighed in on KML. CIBC raised their price target on Kinder Morgan Canada from C$14.75 to C$15.00 in a research note on Thursday, April 18th. Royal Bank of Canada decreased their price target on Kinder Morgan Canada from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, January 24th. CSFB decreased their price target on Kinder Morgan Canada from C$16.00 to C$14.00 in a research note on Friday, May 10th. Finally, TD Securities decreased their price target on Kinder Morgan Canada from C$16.00 to C$14.50 and set a “hold” rating for the company in a research note on Monday, May 13th.

Shares of TSE:KML traded down C$0.04 during mid-day trading on Thursday, reaching C$11.85. 106,372 shares of the stock were exchanged, compared to its average volume of 241,393. The company has a debt-to-equity ratio of 63.46, a quick ratio of 0.59 and a current ratio of 0.76. The company has a market cap of $1.38 billion and a PE ratio of 1.01. Kinder Morgan Canada has a one year low of C$11.61 and a one year high of C$54.00.

Kinder Morgan Canada (TSE:KML) last posted its quarterly earnings data on Wednesday, April 17th. The company reported C$0.12 earnings per share (EPS) for the quarter. The firm had revenue of C$102.00 million for the quarter. On average, research analysts predict that Kinder Morgan Canada will post 0.430000011258446 earnings per share 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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