TD Securities lowered shares of Kinder Morgan Canada (TSE:KML) from an action list buy rating to a buy rating in a research note published on Thursday. The firm currently has C$24.00 target price on the stock.
Several other analysts have also recently issued reports on the company. Scotiabank cut their price objective on Kinder Morgan Canada from C$24.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Royal Bank of Canada cut their price objective on Kinder Morgan Canada from C$25.00 to C$24.00 and set an outperform rating on the stock in a research note on Tuesday, December 5th. Finally, National Bank Financial upped their price objective on Kinder Morgan Canada from C$17.00 to C$19.00 and gave the company a sector perform rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of C$21.67.
Shares of Kinder Morgan Canada (KML) opened at C$19.24 on Thursday. Kinder Morgan Canada has a one year low of C$15.17 and a one year high of C$20.00. The stock has a market capitalization of $1,980.00 and a P/E ratio of 240.50.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a yield of 3.37%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan Canada’s payout ratio is currently 274.50%.
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.
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