Keyera (TSE:KEY) Price Target Raised to C$106.00

Keyera (TSE:KEY) had its price objective hoisted by stock analysts at Citigroup from C$102.00 to C$106.00 in a report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 89.76% from the company’s previous close.

A number of other brokerages have also weighed in on KEY. Canadian Imperial Bank of Commerce upped their target price on shares of Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Royal Bank Of Canada upped their price target on Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Scotia increased their target price on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Finally, Scotiabank lifted their price target on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Stock Down 4.5%

Shares of TSE KEY traded down C$2.61 during mid-day trading on Friday, reaching C$55.86. 1,422,248 shares of the company’s stock were exchanged, compared to its average volume of 1,434,421. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. The firm has a market capitalization of C$16.39 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 1.35 and a beta of 0.48. The business has a fifty day simple moving average of C$58.76 and a 200 day simple moving average of C$55.61.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The business had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. As a group, equities analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.