Keyera (TSE:KEY) Stock Price Expected to Rise, Scotiabank Analyst Says

Keyera (TSE:KEY) had its target price upped by analysts at Scotiabank from C$60.00 to C$65.00 in a research report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 14.84% from the stock’s current price.

KEY has been the subject of several other reports. National Bank Financial upped their target price on Keyera from C$50.00 to C$56.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. BMO Capital Markets raised their target price on Keyera from C$60.00 to C$65.00 in a report on Tuesday. TD set a C$68.00 target price on Keyera and gave the company a “buy” rating in a report on Tuesday, June 9th. Barclays increased their price target on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Finally, Scotia increased their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and an average price target of C$60.64.

Keyera Price Performance

Shares of KEY traded down C$0.60 during trading hours on Tuesday, hitting C$56.60. 684,666 shares of the stock were exchanged, compared to its average volume of 1,530,922. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. Keyera has a 12-month low of C$40.09 and a 12-month high of C$59.99. The company has a market cap of C$12.98 billion, a price-to-earnings ratio of 71.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. The stock’s 50-day moving average price is C$54.10 and its two-hundred day moving average price is C$50.03.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The firm had revenue of C$1.30 billion for the quarter. Research analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

About Keyera

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.