Keyera (TSE:KEY) Price Target Raised to C$66.00

Keyera (TSE:KEY) had its price objective upped by equities researchers at Scotiabank from C$65.00 to C$66.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 11.68% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. ATB Cormark Capital Markets lifted their price objective on shares of Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Scotia upped their target price on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada increased their price target on shares of Keyera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. BMO Capital Markets boosted their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Keyera currently has an average rating of “Moderate Buy” and a consensus price target of C$60.93.

Keyera Price Performance

TSE:KEY traded up C$0.05 during trading hours on Tuesday, reaching C$59.10. The stock had a trading volume of 184,961 shares, compared to its average volume of 1,501,555. The stock has a market capitalization of C$17.34 billion, a PE ratio of 74.81, a PEG ratio of 1.35 and a beta of 0.49. Keyera has a 52 week low of C$40.09 and a 52 week high of C$60.30. The company has a 50 day moving average price of C$57.44 and a two-hundred day moving average price of C$52.38. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion for the quarter. As a group, sell-side analysts anticipate 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.