Brokerage Firm Rating Update on Kinder Morgan (KMI)

Kinder Morgan (KMI) : 6 brokerage houses believe that Kinder Morgan (KMI) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Kinder Morgan (KMI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.

Kinder Morgan (KMI) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $17. The average forecast of all the analysts is $21.54 and the expected standard deviation is $3.26.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Morgan Stanley upgrades the rating on Kinder Morgan (NYSE:KMI). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency raises the price target from $23 per share to $24 per share. The rating by the firm was issued on August 18, 2016.

Kinder Morgan (NYSE:KMI): The stock opened at $22.46 and touched an intraday high of $22.75 on Wednesday. During the day, the stock corrected to an intraday low of $22.17, however, the bulls stepped in and pushed the price higher to close in the green at $22.7 with a gain of 1.34% for the day. The total traded volume for the day was 13,395,226. The stock had closed at $22.4 in the previous trading session.

Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

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