March 31:
Kinder Morgan Energy Partners (NYSE:KMP) had its price objective decreased by Citigroup Inc. from $86.00 to $78.50 in a research report released on Friday morning,AnalystRatingsNetwork.com reports.
Citigroup Inc. has also updated their ratings on a number of other basic materials stocks in the last week. The firm initiated coverage on shares of MercadoLibre. They issued a sell rating on that stock. Also, Citigroup Inc. upgraded shares of TC PipeLines to a neutral rating. Finally, Citigroup Inc. lowered its price target on shares of Lululemon Athletica inc. from $65.00 to $61.00.
Shares of Kinder Morgan Energy Partners (NYSE:KMP) traded up 0.41% during mid-day trading on Friday, hitting $73.95. The stock had a trading volume of 1,318,215 shares. Kinder Morgan Energy Partners has a one year low of $71.32 and a one year high of $92.99. The stock’s 50-day moving average is $75.60 and its 200-day moving average is $79.28. The company has a market cap of $32.812 billion and a P/E ratio of 19.58.
Kinder Morgan Energy Partners (NYSE:KMP) last announced its earnings results on Wednesday, January 15th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 29.5% on a year-over-year basis. On average, analysts predict that Kinder Morgan Energy Partners will post $2.79 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Kinder Morgan Energy Partners from $81.00 to $79.00 in a research note on Thursday. Separately, analysts at Zacks reiterated a neutral rating on shares of Kinder Morgan Energy Partners in a research note on Friday, January 24th. They now have a $87.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, January 16th. They now have a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Kinder Morgan Energy Partners presently has a consensus rating of Buy and a consensus price target of $74.05.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
Source: http://tickerreport.com/banking-finance/175456/kinder-morgan-energy-partners-price-target-cut-to-78-50-by-analysts-at-citigroup-inc-kmp/?
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