Keyera (TSE:KEY) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Keyera (TSE:KEY) had its target price raised by research analysts at Raymond James Financial from C$63.00 to C$66.00 in a report issued on Monday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential upside of 22.06% from the stock’s current price.

A number of other equities analysts have also recently weighed in on KEY. National Bank Financial lowered their price target on shares of 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. BMO Capital Markets decreased their price objective 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. Barclays upped their target price on shares of Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th. TD Securities increased their target price 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. Finally, Citigroup boosted their price target on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$53.09.

Keyera Price Performance

Shares of Keyera stock traded down C$0.27 during trading on Monday, reaching C$54.07. The company’s stock had a trading volume of 539,108 shares, compared to its average volume of 1,392,322. The business has a 50 day moving average price of C$50.29 and a 200-day moving average price of C$46.17. Keyera has a 12-month low of C$37.80 and a 12-month high of C$55.35. The company has a market capitalization of C$12.40 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.35 and a beta of 0.70. 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 (TSE:KEY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The firm had revenue of C$1.70 billion during the quarter. As a group, sell-side 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.