National Bankshares Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price target hoisted by research analysts at National Bankshares from C$45.00 to C$48.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 11.37% from the company’s current price.

Separately, CIBC upped their target price on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$52.20.

Keyera Stock Performance

Shares of TSE KEY traded up C$0.35 during mid-day trading on Wednesday, reaching C$43.10. 378,648 shares of the company were exchanged, compared to its average volume of 1,272,079. The company’s 50-day simple moving average is C$43.36 and its 200-day simple moving average is C$43.78. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The stock has a market capitalization of C$9.88 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.35 and a beta of 0.58. Keyera has a twelve month low of C$37.80 and a twelve month high of C$47.12.

Keyera (TSE:KEY) last announced its quarterly earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The business had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. As a group, research analysts predict that Keyera will post 2.2166667 earnings per share for the current 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.