Scotiabank has adjusted its price target for Kinder Morgan (KMI, Financial), increasing it to $26 from the previous $25, while maintaining its Sector Perform rating on the stock. This move reflects the bank's confidence in the continued growth in demand for natural gas through the decade's end.
According to Scotiabank, Kinder Morgan is well-positioned to benefit from robust gas demand, presenting potential opportunities for the company. Despite this positive demand outlook, the firm notes that earnings growth is expected to remain subdued within the current forecast period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Kinder Morgan Inc (KMI, Financial) is $30.77 with a high estimate of $38.00 and a low estimate of $25.00. The average target implies an upside of 13.55% from the current price of $27.10. More detailed estimate data can be found on the Kinder Morgan Inc (KMI) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Kinder Morgan Inc's (KMI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kinder Morgan Inc (KMI, Financial) in one year is $18.65, suggesting a downside of 31.18% from the current price of $27.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kinder Morgan Inc (KMI) Summary page.
