Keyera (TSE:KEY) Price Target Raised to C$60.00 at Scotia

Keyera (TSE:KEY) had its price objective hoisted by analysts at Scotia from C$55.00 to C$60.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s price objective suggests a potential upside of 5.56% from the stock’s previous close.

Several other brokerages have also recently weighed in on KEY. Raymond James Financial lifted their price target on Keyera from C$63.00 to C$66.00 in a research report on Monday, March 30th. Barclays lifted 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. TD boosted their price objective on Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday. ATB Cormark Capital Markets boosted their price objective on Keyera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, National Bank Financial boosted their price objective on Keyera from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and an average target price of C$56.69.

Keyera Stock Performance

KEY stock traded up C$1.73 during trading on Friday, hitting C$56.84. 1,431,462 shares of the company traded hands, compared to its average volume of 1,404,326. The stock’s 50-day simple moving average is C$52.26 and its 200 day simple moving average is C$47.64. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. The company has a market cap of C$13.03 billion, a PE ratio of 30.07, a P/E/G ratio of 1.35 and a beta of 0.56. Keyera has a 1 year low of C$40.09 and a 1 year high of C$57.22.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The company had revenue of C$1.30 billion for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. On average, equities analysts expect that Keyera will post 2.2166667 earnings per share 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.