Keyera (TSE:KEY) Stock Price Expected to Rise, TD Securities Analyst Says

Keyera (TSE:KEY) had its target price increased by research analysts at TD Securities from C$52.00 to C$56.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 8.00% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets lowered their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. National Bank Financial lowered their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Finally, Barclays dropped their price objective on Keyera from C$45.00 to C$43.00 in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$51.82.

Keyera Stock Performance

TSE KEY traded up C$0.82 on Friday, reaching C$51.85. The stock had a trading volume of 530,547 shares, compared to its average volume of 1,281,239. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The company has a market cap of C$11.89 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The firm has a fifty day moving average of C$44.69 and a two-hundred day moving average of C$44.27. Keyera has a 1-year low of C$37.80 and a 1-year high of C$52.13.

Keyera (TSE:KEY) last announced its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The company had revenue of C$1.70 billion during the quarter. On average, equities research analysts anticipate that Keyera will post 2.2166667 EPS 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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.