Argus lifts Kinder Morgan Inc [KMI] price estimate. Who else is bullish?

Kinder Morgan Inc [NYSE: KMI] closed the trading session at $21.37.

The stocks have a year to date performance of 21.15 percent and weekly performance of -0.56 percent. The stock has been moved at 23.31 percent over the last six months. The stock has performed 8.26 percent around the most recent 30 days and changed 13.67 percent over the most recent 3-months.

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If compared to the average trading volume of 14.09M shares, KMI reached to a volume of 12454042 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Kinder Morgan Inc [KMI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KMI shares is $21.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KMI stock is a recommendation set at 2.48. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Kinder Morgan Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 19, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $18 to $22. The new note on the price target was released on June 04, 2024, representing the official price target for Kinder Morgan Inc stock. Previously, the target price had yet another drop from $22 to $20, while Truist kept a Hold rating on KMI stock.

The Average True Range (ATR) for Kinder Morgan Inc is set at 0.37, with the Price to Sales ratio for KMI stock in the period of the last 12 months amounting to 3.10. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for KMI in the course of the last twelve months was 11.51 with Quick ratio for the last quarter at 0.28.

KMI stock trade performance evaluation

Kinder Morgan Inc [KMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, KMI shares gained by 8.26% in over the last four-week period, additionally plugging by 23.31% over the last 6 months – not to mention a rise of 19.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KMI stock in for the last two-week period is set at 66.69, with the RSI for the last a single of trading hit 66.12, and the three-weeks RSI is set at 66.30 for Kinder Morgan Inc [KMI]. The present Moving Average for the last 50 days of trading for this stock 19.97, while it was recorded at 21.39 for the last single week of trading, and 18.17 for the last 200 days.

Kinder Morgan Inc [KMI]: An insightful look at the core fundamentals

Kinder Morgan Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.28 and a Current Ratio set at 0.37.

Earnings per share (EPS) analysis for Kinder Morgan Inc [KMI] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kinder Morgan Inc go to 7.25%.

Kinder Morgan Inc [KMI]: Institutional Ownership

The top three institutional holders of KMI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in KMI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in KMI stock with ownership which is approximately 5.1238%.

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