Kinder Morgan Canada (TSE:KML) Rating Lowered to Neutral at CSFB

CSFB downgraded shares of Kinder Morgan Canada (TSE:KML) from an outperform rating to a neutral rating in a research report sent to investors on Thursday morning, BayStreet.CA reports. CSFB currently has C$14.00 price target on the stock.

Other analysts also recently issued reports about the company. TD Securities decreased their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a reduce rating on the stock in a research note on Monday, May 13th. Royal Bank of Canada lifted their price target on NVIDIA to $200.00 and gave the company an outperform rating in a research note on Monday, May 13th. CIBC lifted their price target on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Finally, National Bank Financial downgraded Toronto-Dominion Bank from an outperform rating to a sector perform rating in a research note on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of C$13.50.

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

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

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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Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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