TD Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target raised by equities researchers at TD from C$60.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 7.32% from the company’s current price.

Several other analysts have also issued reports on the stock. Barclays upped their price target on shares of Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Citigroup upped their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. National Bank Financial dropped 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 report on Tuesday, January 20th. TD Securities upped their price target on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Raymond James Financial upped their price target on shares of Keyera from C$63.00 to C$66.00 in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$56.69.

Keyera Stock Up 3.1%

KEY traded up C$1.73 during trading hours on Friday, hitting C$56.84. 1,431,462 shares of the company’s stock were exchanged, compared to its average volume of 1,404,326. Keyera has a 1-year low of C$40.09 and a 1-year high of C$57.22. The stock’s 50-day moving average is C$52.26 and its two-hundred day moving average is C$47.64. The stock has a market cap of C$13.03 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.35 and a beta of 0.56. 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 posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) 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$1.30 billion for the quarter. Sell-side analysts predict 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.