Raymond James Financial Lowers Keyera (TSE:KEY) Price Target to C$65.00

Keyera (TSE:KEY) had its price target reduced by stock analysts at Raymond James Financial from C$66.00 to C$65.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 12.98% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Scotia upped their price objective on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. National Bank Financial raised shares of Keyera from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$56.00 to C$61.00 in a report on Tuesday, June 16th. TD set a C$68.00 target price on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, June 9th. ATB Cormark Capital Markets boosted their target price on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

Keyera Stock Performance

Shares of KEY stock traded up C$0.62 on Tuesday, hitting C$57.53. The company had a trading volume of 442,767 shares, compared to its average volume of 1,568,561. The firm has a market cap of C$16.23 billion, a P/E ratio of 72.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. The company has a 50-day moving average price of C$54.46 and a 200-day moving average price of C$50.44. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. Keyera has a twelve month low of C$40.09 and a twelve month high of C$59.99.

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