Keyera’s (KEY) Outperform Rating Reaffirmed at Raymond James

Keyera (TSE:KEY)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a note issued to investors on Wednesday, BayStreet.CA reports. They presently have a C$40.00 target price on the stock. Raymond James’ price target would suggest a potential upside of 20.41% from the company’s current price.

Several other research firms have also recently commented on KEY. National Bank Financial boosted their target price on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. AltaCorp Capital restated an “outperform” rating on shares of Keyera in a research note on Wednesday, February 13th. Cormark cut their target price on Keyera from C$45.00 to C$40.00 in a research note on Tuesday, February 12th. TD Securities boosted their target price on Keyera from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, February 25th. Finally, CIBC boosted their target price on Keyera from C$39.00 to C$40.00 in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Keyera presently has an average rating of “Buy” and a consensus target price of C$40.13.

TSE KEY opened at C$33.22 on Wednesday. Keyera has a 52 week low of C$24.05 and a 52 week high of C$38.91. The company has a debt-to-equity ratio of 85.51, a quick ratio of 0.57 and a current ratio of 1.00. The firm has a market cap of $6.65 billion and a PE ratio of 17.48.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, February 21st. The company reported C$0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.39. The company had revenue of C$1.22 billion during the quarter, compared to analyst estimates of C$1.27 billion. As a group, equities research analysts anticipate that Keyera will post 1.78999991296226 earnings per share for the current year.

Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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