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Goldman Sachs downgraded Kinder Morgan (NYSE:KMI) from Buy to Neutral in a report released today.

Goldman Sachs has downgraded Kinder Morgan (NYSE:KMI) from Buy to Neutral in a report released on Tuesday October 17, 2017.

Yesterday Kinder Morgan (NYSE:KMI) traded -0.69% lower at $18.81. The company’s 50-day moving average is $19.22 and its 200-day moving average is $19.66. The last closing price is down -4.97% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 3,069,933 shares of KMI traded, down from an avg. volume of 9,652,070

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Kinder Morgan (NYSE:KMI)

Kinder Morgan has a 52 week low of $18.23 and a 52 week high of $23.01 with a P/E ratio of 61.65 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target is $20.78 with 3 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 9 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Kinder Morgan (NYSE:KMI)

Kinder Morgan, Inc. is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others. Its Terminals segment is engaged in the ownership and/or operation of liquids and bulk terminal facilities located throughout the United States and portions of Canada, and Jones Act tankers. Its Products Pipelines segment is engaged in the ownership and operation of refined petroleum products, natural gas liquids and crude oil and condensate pipelines. Its Kinder Morgan Canada segment is engaged in the ownership and operation of the Trans Mountain pipeline system and Jet Fuel aviation turbine fuel pipeline.

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