Kinder Morgan Given Average Rating of “Buy” by Analysts (NYSE:KMI)
Kinder Morgan (NYSE:KMI) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the stock, American Banking News.com reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.29.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Kinder Morgan from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, May 15th. They now have a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, April 23rd. They now have a $35.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Kinder Morgan to $40.00 in a research note on Thursday, April 17th.
Kinder Morgan (NYSE:KMI) opened at 33.48 on Wednesday. Kinder Morgan has a 52 week low of $30.81 and a 52 week high of $40.45. The stock’s 50-day moving average is $33.01 and its 200-day moving average is $33.66. The company has a market cap of $34.414 billion and a P/E ratio of 29.40.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 16th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.06. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.86 billion. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, analysts predict that Kinder Morgan will post $1.36 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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