Ned Davis Research Upgrades Kinder Morgan to Neutral (KMI)
Kinder Morgan (NYSE:KMI) was upgraded by equities researchers at Ned Davis Research from a “sell” rating to a “neutral” rating in a research report issued on Monday, AnalystRatings.NET reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Kinder Morgan from $44.00 to $39.00 in a research note to investors on Thursday, December 5th. They now have an “overweight” rating on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Kinder Morgan in a research note to investors on Friday, October 18th. They now have a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.67.
Kinder Morgan (NYSE:KMI) traded down 0.31% during mid-day trading on Monday, hitting $35.79. 918,386 shares of the company’s stock traded hands. Kinder Morgan has a one year low of $32.30 and a one year high of $41.49. The stock has a 50-day moving average of $34.86 and a 200-day moving average of $36.3. The company has a market cap of $37.073 billion and a price-to-earnings ratio of 34.65.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.70 billion. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts predict that Kinder Morgan will post $0.69 earnings per share for the current fiscal year.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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