Royal Bank of Canada cut shares of Kinder Morgan Canada (TSE:KML) from an outperform rating to a sector perform rating in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has C$14.00 target price on the stock, down from their prior target price of C$17.00.
A number of other analysts have also weighed in on KML. CSFB cut their target price on shares of Kinder Morgan Canada from C$17.00 to C$16.00 in a research note on Wednesday, January 16th. National Bank Financial upped their target price on shares of Kinder Morgan Canada from C$16.00 to C$17.00 and gave the stock a sector perform rating in a research note on Thursday, March 21st. Finally, CIBC upped their target price on shares of Kinder Morgan Canada from C$14.75 to C$15.00 in a research note on Thursday, April 18th.
KML stock opened at C$12.26 on Monday. The company has a debt-to-equity ratio of 63.46, a quick ratio of 0.59 and a current ratio of 0.76. Kinder Morgan Canada has a fifty-two week low of C$12.00 and a fifty-two week high of C$54.00. The company has a market cap of $1.50 billion and a P/E ratio of 1.04.
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 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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