Kinder Morgan: Analysts’ Recommendations before Its 2Q17 Results
Jefferies cut the target price
On July 12, 2017, Jefferies cut the target price for Kinder Morgan (KMI) to $20. It has assigned Kinder Morgan a “hold” rating.
Of the analysts surveyed by Reuters, ~68% rated Kinder Morgan as a “buy” and ~32% rated it as a “hold.” Notably, none of the surveyed analysts rated Kinder Morgan as a “sell.” The consensus target price for Kinder Morgan in a year is $25.0. Currently, its shares are trading at $19.22. If the company attains the target price within a year, it would mean nearly a 30% price return for investors.
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The above chart shows changes in analysts’ recommendations for Kinder Morgan over the last 12 months.
As for its peers, 46% of the analysts rated Plains All American Pipeline (PAA) as a “buy,” 86% of the analysts rated Energy Transfer Partners (ETP) as a “buy,” and 97% of the analysts rated Enterprise Products Partners (EPD) as a “buy.”
For an in-depth understanding of Kinder Morgan and its operations, read Everything You Wanted to Know about Kinder Morgan.