Kinder Morgan Price Target Increased to $49.00 by Analysts at Credit Suisse (KMI)
Analysts at Credit Suisse boosted their target price on shares of Kinder Morgan (NYSE:KMI) from $41.00 to $49.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 24.46% from the stock’s previous close.
Kinder Morgan (NYSE:KMI) traded down 1.63% during mid-day trading on Tuesday, hitting $38.73. 39,601,056 shares of the company’s stock traded hands. Kinder Morgan has a 52 week low of $30.81 and a 52 week high of $42.49. The stock’s 50-day moving average is $36.53 and its 200-day moving average is $34.03. The company has a market cap of $39.823 billion and a price-to-earnings ratio of 34.32. Kinder Morgan also was the recipient of unusually large options trading on Monday. Stock investors purchased 56,556 call options on the company. This is an increase of 495% compared to the typical volume of 9,499 call options.
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. Shareholders 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 4.37%. The ex-dividend date is Tuesday, July 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.42.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Kinder Morgan to $50.00 in a research note on Monday. Separately, analysts at Bank of America upgraded shares of Kinder Morgan from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $47.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, August 7th. They now have a $36.00 price target on the stock, up previously from $34.00. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Kinder Morgan currently has an average rating of “Buy” and an average target price of $41.56.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.