Citigroup Boosts Keyera (TSE:KEY) Price Target to C$40.00

Keyera (TSE:KEY) had its price target lifted by Citigroup from C$37.00 to C$40.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 9.89% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. National Bankshares increased their price target on shares of Keyera from C$34.00 to C$35.00 in a research report on Wednesday. CIBC lifted their target price on Keyera from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Wednesday. Scotiabank upped their price target on Keyera from C$38.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Securities boosted their target price on shares of Keyera from C$38.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$38.17.

Keyera Stock Up 0.6 %

KEY stock traded up C$0.20 during midday trading on Thursday, hitting C$36.40. 264,621 shares of the company’s stock were exchanged, compared to its average volume of 842,042. The firm has a 50 day moving average price of C$34.84 and a 200-day moving average price of C$33.36. Keyera has a 12-month low of C$29.31 and a 12-month high of C$36.94. The stock has a market capitalization of C$8.34 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.33 and a beta of 2.11. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22.

Keyera (TSE:KEY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. On average, analysts anticipate that Keyera will post 1.9336235 EPS for the current year.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.