TD Securities Has Lowered Expectations for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective dropped by investment analysts at TD Securities from C$54.00 to C$52.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 17.81% from the stock’s current price.

Several other equities analysts also recently commented on the stock. National Bankshares dropped their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday. BMO Capital Markets decreased their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Barclays dropped their price target on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. Finally, CIBC lifted their price target on shares of Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$51.00.

Keyera Price Performance

Shares of TSE KEY traded up C$0.91 during mid-day trading on Tuesday, reaching C$44.14. The company had a trading volume of 619,241 shares, compared to its average volume of 1,585,462. The firm has a market cap of C$10.12 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.35 and a beta of 0.53. The business’s 50-day simple moving average is C$43.79 and its 200 day simple moving average is C$43.86. Keyera has a one year low of C$37.80 and a one year high of C$47.12. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera (TSE:KEY) last released its earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The firm 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%. On average, 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.