Morgan Stanley Increases Kinder Morgan Management Price Target to $107.00 (KMR)
Morgan Stanley raised their price target on shares of Kinder Morgan Management (NYSE:KMR) from $77.00 to $107.00 in a research note issued on Thursday. Morgan Stanley’s price target would suggest a potential upside of 13.34% from the company’s current price.
Separately, analysts at Jefferies Group raised their price target on shares of Kinder Morgan Management from $74.00 to $78.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.33.
Shares of Kinder Morgan Management (NYSE:KMR) traded up 2.02% on Thursday, hitting $96.32. The stock had a trading volume of 769,073 shares. Kinder Morgan Management has a one year low of $66.2799 and a one year high of $99.77. The stock’s 50-day moving average is $78.83 and its 200-day moving average is $72.99. The company has a market cap of $12.645 billion and a P/E ratio of 59.41.
Kinder Morgan Management (NYSE:KMR) last released its earnings data on Wednesday, July 16th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.04. Analysts expect that Kinder Morgan Management will post $2.56 EPS for the current fiscal year.
Kinder Morgan Management, LLC is a limited partner in Kinder Morgan Energy Partners, L.P (NYSE:KMR), and manages and controls its business and affairs pursuant to a delegation of control agreement.
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