Kinder Morgan Canada Ltd (KML) Receives Average Recommendation of “Buy” from Brokerages

Shares of Kinder Morgan Canada Ltd (TSE:KML) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$21.67.

A number of brokerages have recently issued reports on KML. Scotiabank cut their price target on Kinder Morgan Canada from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. National Bank Financial lifted their price target on Kinder Morgan Canada from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a report on Monday. Royal Bank of Canada cut their price target on Kinder Morgan Canada from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, December 5th. Finally, TD Securities lowered their price objective on Kinder Morgan Canada from C$25.00 to C$24.00 in a research report on Tuesday, December 5th.

Shares of Kinder Morgan Canada (TSE:KML) traded down C$0.02 during trading hours on Friday, hitting C$17.00. The stock had a trading volume of 187,345 shares, compared to its average volume of 258,023. Kinder Morgan Canada has a twelve month low of C$15.17 and a twelve month high of C$18.60. The stock has a market cap of $1,740.00 and a P/E ratio of 53.06.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.162 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.81%. Kinder Morgan Canada’s payout ratio is 17.84%.

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Kinder Morgan Canada Company Profile

Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.

Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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