How Analysts Rate Kinder Morgan ahead of Its 3Q17 Results
Wall Street analysts look bullish on Kinder Morgan (KMI) ahead of its 3Q17 results. Of the analysts surveyed by Reuters, nearly 65% recommended buying the stock with 25% rating it as a “strong buy” and 40% rating it as a “buy.” The remaining 35% rated it as a “hold.” The analysts’ consensus target price in a year for Kinder Morgan is $25.0. KMI is currently trading at $18.95. If Kinder Morgan attains its target price, it would mean nearly 32% upside for investors in a year.
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The above chart shows the changes in analysts’ recommendation for Kinder Morgan over the last 12 months. It will be interesting to see if there are any rating changes for Kinder Morgan once it reports its 3Q17 results. KMI is expected to report its results on October 18, 2017.
Learn how Kinder Morgan’s MLP peers performed in the last week in Why MLPs Were Strong despite Fall in Crude Oil Last Week.