TD Boosts Keyera (TSE:KEY) Price Target to C$68.00

Keyera (TSE:KEY) had its target price boosted by equities researchers at TD from C$61.00 to C$68.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 18.94% from the company’s current price.

Several other research firms also recently weighed in on KEY. National Bank Financial increased their price objective on Keyera from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Scotia increased their price target on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Royal Bank Of Canada increased their price target on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price objective on shares of Keyera from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Finally, BMO Capital Markets 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Keyera has an average rating of “Moderate Buy” and an average target price of C$57.86.

Keyera Stock Performance

Shares of KEY stock traded down C$0.44 during trading hours on Tuesday, hitting C$57.17. The stock had a trading volume of 355,297 shares, compared to its average volume of 1,445,808. The firm has a market capitalization of C$13.11 billion, a PE ratio of 72.37, a PEG ratio of 1.35 and a beta of 0.56. Keyera has a twelve month low of C$40.09 and a twelve month high of C$59.14. The stock’s 50 day moving average is C$52.97 and its 200 day moving average is C$48.46. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. As a group, research analysts forecast 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.