Kinder Morgan Energy Partners PT Raised to $109.00 (KMP)
Equities researchers at RBC Capital raised their price target on shares of Kinder Morgan Energy Partners (NYSE:KMP) from $83.00 to $109.00 in a research report issued on Tuesday. RBC Capital’s price objective would indicate a potential upside of 11.15% from the company’s current price.
A number of other firms have also recently commented on KMP. Analysts at Morgan Stanley upgraded shares of Kinder Morgan Energy Partners from an “underweight” rating to an “equal weight” rating in a research note on Thursday, August 14th. They now have a $105.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, August 7th. They now have a $81.00 price target on the stock, up previously from $77.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, July 24th. They now have a $89.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.70.
Kinder Morgan Energy Partners (NYSE:KMP) opened at 98.07 on Tuesday. Kinder Morgan Energy Partners has a 52-week low of $71.32 and a 52-week high of $99.00. The stock’s 50-day moving average is $84.2 and its 200-day moving average is $78.63. The company has a market cap of $45.280 billion and a price-to-earnings ratio of 39.47.
Kinder Morgan Energy Partners (NYSE:KMP) last released its earnings data on Wednesday, July 16th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.11. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Kinder Morgan Energy Partners will post $2.68 EPS for the current fiscal year.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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.