Keyera (TSE:KEY) Price Target Raised to C$58.00

Keyera (TSE:KEY) had its price objective hoisted by investment analysts at Citigroup from C$51.00 to C$58.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 11.93% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. TD Securities raised their target price on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. BMO Capital Markets reduced their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Barclays raised their price target on Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. Finally, National Bank Financial cut their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$52.45.

Keyera Stock Up 1.5%

Shares of KEY stock traded up C$0.78 on Monday, hitting C$51.82. The stock had a trading volume of 306,089 shares, compared to its average volume of 1,264,437. Keyera has a one year low of C$37.80 and a one year high of C$52.66. The business has a 50 day moving average price of C$45.50 and a 200 day moving average price of C$44.62. The company has a market cap of C$11.88 billion, a PE ratio of 27.42, a P/E/G ratio of 1.35 and a beta of 0.58. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The business had revenue of C$1.70 billion during the quarter. Research analysts anticipate 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.