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Kinder Morgan (KMI) Receives a New Rating from a Top Analyst

Tipranks - Tipranks - Fri Sep 11, 7:06AM CDT

In a report released today, Manav Gupta from UBS assigned a Buy rating to Kinder Morgan, with a price target of $43.00.

According to TipRanks, Gupta is a top 100 analyst with an average return of 26.2% and a 72.10% success rate. Gupta covers the Energy sector, focusing on stocks such as Chevron, Phillips 66, and Valero Energy.

Currently, the analyst consensus on Kinder Morgan is a Moderate Buy with an average price target of $36.20.

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Based on Kinder Morgan’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.48 billion and a net profit of $867 million. In comparison, last year the company earned a revenue of $4.04 billion and had a net profit of $715 million

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