Keyera (TSE:KEY) Given New C$60.00 Price Target at Scotia

Keyera (TSE:KEY) had its price target hoisted by research analysts at Scotia from C$55.00 to C$60.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price objective indicates a potential upside of 5.56% from the company’s current price.

A number of other analysts have also issued reports on the company. BMO Capital Markets lifted their price target on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup lifted 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. TD lifted their price target on Keyera from C$60.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday. TD Securities lifted their price target on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Barclays lifted their price target on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$56.69.

Keyera Price Performance

Shares of TSE:KEY traded up C$1.73 during trading on Friday, reaching C$56.84. The stock had a trading volume of 1,431,462 shares, compared to its average volume of 1,404,326. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76. The business has a fifty day moving average price of C$52.26 and a 200-day moving average price of C$47.64. The stock has a market cap of C$13.03 billion, a PE ratio of 30.07, a PEG ratio of 1.35 and a beta of 0.56. Keyera has a 1-year low of C$40.09 and a 1-year high of C$57.22.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, equities analysts forecast 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.