Kinder Morgan Given New $50.00 Price Target at Goldman Sachs (KMI)
Investment analysts at Goldman Sachs raised their price objective on shares of Kinder Morgan (NYSE:KMI) to $50.00 in a note issued to investors on Monday. Goldman Sachs’ price target indicates a potential upside of 38.43% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at RBC Capital raised their price target on shares of Kinder Morgan from $39.00 to $40.00 in a research note on Tuesday, July 22nd. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.88.
Kinder Morgan (NYSE:KMI) traded up 8.14% on Monday, hitting $39.06. The stock had a trading volume of 64,563,192 shares. Kinder Morgan has a 1-year low of $30.81 and a 1-year high of $38.30. The stock’s 50-day moving average is $36.36 and its 200-day moving average is $34.01. The company has a market cap of $40.162 billion and a price-to-earnings ratio of 31.49.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts predict that Kinder Morgan will post $1.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Tuesday, July 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.42.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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