Kinder Morgan Canada Receives a Buy from TD Securities

By Carrie Williams

On June 20, an analyst has provided a rating update for the NA sector company, Kinder Morgan Canada (TSX: KML). Analyst Linda Ezergailis from TD Securities remains bullish on the stock and has a C$26 price target.

Ezergailis wrote:

“We are initiating coverage of KML with an ACTION LIST BUY rating and $26.00 target price. KML is an energy infrastructure company with a portfolio of assets in Western Canada, owned 70% by Kinder Morgan Inc. (KMI). KML has an unprecedented transformational secured growth outlook due to the Trans Mountain Expansion Pipeline (TMEP), scheduled to come into service in December 2019. We believe that the current share price is largely supported by the value of its existing assets which we estimate at approximately $14.50/share.”

According to, Ezergailis is ranked #3658 out of 4591 analysts.

Currently, the analyst consensus on Kinder Morgan Canada is Strong Buy and the average price target is C$25, representing a 61.3% 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 Friday at $15.50.