Keyera (TSE:KEY) Price Target Raised to C$56.00 at National Bank Financial

Keyera (TSE:KEY) had its price objective upped by analysts at National Bank Financial from C$50.00 to C$56.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 2.12% from the stock’s previous close.

A number of other brokerages have also weighed in on KEY. Scotia raised their price objective on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets lifted their price target on shares of Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Royal Bank Of Canada upped their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Barclays upped their price target on shares of Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$58.29.

Keyera Stock Performance

Shares of TSE KEY traded up C$0.02 during midday trading on Monday, hitting C$57.21. 390,313 shares of the stock traded hands, compared to its average volume of 1,460,330. Keyera has a one year low of C$40.09 and a one year high of C$59.14. The firm has a 50-day moving average of C$53.21 and a two-hundred day moving average of C$48.90. The firm has a market capitalization of C$13.12 billion, a P/E ratio of 72.42, a PEG ratio of 1.35 and a beta of 0.56. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60.

Keyera (TSE:KEY) last announced its earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The company had revenue of C$1.30 billion during the quarter. On average, equities analysts forecast that Keyera will post 2.2166667 EPS 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.