Jefferies Group Cuts Kinder Morgan (KMI) Price Target to $16.00

Kinder Morgan (NYSE:KMI) had its price objective reduced by Jefferies Group from $20.00 to $16.00 in a research report released on Monday morning, The Fly reports. Jefferies Group currently has a hold rating on the pipeline company’s stock. Jefferies Group also issued estimates for Kinder Morgan’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.86 EPS, FY2019 earnings at $0.96 EPS and FY2022 earnings at $1.12 EPS.

A number of other equities analysts have also weighed in on the company. Mizuho set a $19.00 price objective on Kinder Morgan and gave the company a hold rating in a research note on Wednesday, April 11th. Royal Bank of Canada reduced their price objective on Kinder Morgan to $19.00 and set a buy rating for the company in a research note on Tuesday, April 10th. They noted that the move was a valuation call. Citigroup upgraded Kinder Morgan from a neutral rating to a buy rating in a research note on Tuesday, March 27th. Bank of America upgraded Kinder Morgan from a neutral rating to a buy rating and lifted their price target for the company from $15.61 to $20.00 in a research note on Wednesday, March 21st. Finally, Zacks Investment Research lowered Kinder Morgan from a buy rating to a hold rating in a research note on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of Buy and an average target price of $21.87.

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NYSE KMI opened at $15.68 on Monday. The stock has a market cap of $33,819.00, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.71 and a beta of 0.64. Kinder Morgan has a fifty-two week low of $14.69 and a fifty-two week high of $21.49. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. analysts forecast that Kinder Morgan will post 0.86 EPS for the current year.

In other news, Director William A. Smith acquired 5,500 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.16% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. CoreCommodity Management LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $113,000. Sit Investment Associates Inc. boosted its holdings in Kinder Morgan by 237.1% in the 4th quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $126,000. Goodman Financial Corp acquired a new stake in Kinder Morgan in the 4th quarter worth about $126,000. Finally, Landaas & Co. WI ADV boosted its holdings in Kinder Morgan by 5,457.0% in the 4th quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock worth $136,000 after buying an additional 7,367 shares during the last quarter. Institutional investors own 62.60% of the company’s stock.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

The Fly

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