Keyera (TSE:KEY) Price Target Raised to C$61.00

Keyera (TSE:KEY) had its price objective raised by stock analysts at TD from C$60.00 to C$61.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target points to a potential upside of 7.32% from the stock’s previous close.

KEY has been the subject of several other research reports. Citigroup upped their price target on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. National Bank Financial reduced their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. Barclays upped their price target on shares of Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Raymond James Financial upped their price target on shares of Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. Finally, TD Securities upped their price target on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Keyera has an average rating of “Moderate Buy” and an average target price of C$56.69.

Keyera Trading Up 3.1%

TSE KEY traded up C$1.73 during trading on Friday, reaching C$56.84. 1,431,462 shares of the stock traded hands, compared to its average volume of 1,404,326. The firm has a market cap of C$13.03 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. The stock’s 50-day moving average price is C$52.26 and its 200 day moving average price is C$47.64. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$57.22.

Keyera (TSE:KEY) last released 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 during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. Analysts predict that Keyera will post 2.2166667 EPS 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.