Kinder Morgan Canada Receives a Buy from RBC Capital

By Austin Angelo

Kinder Morgan Canada (TSX: KML), the NA sector company was revisited on June 20, and remains undervalued for at least one analyst on the street. The company received a Buy on June 20 from RBC Capital’s analyst Robert Kwan, with a C$25 price target.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 11.7% and a 73.3% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Pattern Energy, and TransAlta.

Currently, the analyst consensus on Kinder Morgan Canada is Strong Buy and the average price target is C$25, representing a 62.0% upside.

In a report issued on June 20, Scotiabank also maintained a Buy rating on the stock with a C$24 price target.

The company has a one year high of C$16.81 and a one year low of C$15.17. Currently, Kinder Morgan Canada has an average volume of 822.8K.

Kinder Morgan Canada Ltd. provides fee-based services to customers from an asset portfolio consisting of energy-related pipelines and liquid and bulk terminalling facilities. It operates through two segments: Pipelines and Terminals. The Pipelines segment consists of trans mountain, Cochin, puget sound and jet fuel pipeline systems. The Terminals segment includes Vancouver wharves terminal facilities located in western Canada that provide merchant storage as well as rail terminals offering loading and delivery services for liquids products. The company was founded on April 7, 2017 and is headquartered in Calgary, Canada.,0H18K4-E

The company’s shares closed last Thursday at $15.43, close to its 52-week low of $15.17.