Scotia Increases Keyera (TSE:KEY) Price Target to C$92.00

Keyera (TSE:KEY) had its price target increased by stock analysts at Scotia from C$88.00 to C$92.00 in a report issued on Friday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price target suggests a potential upside of 64.70% from the stock’s current price.

A number of other brokerages have also recently commented on KEY. Desjardins lifted their target price on shares of Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a report on Friday. Barclays raised their price target on Keyera from C$56.00 to C$61.00 in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Scotiabank lifted their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group set a C$65.00 target price on Keyera and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Price Performance

TSE:KEY traded down C$2.61 during trading hours on Friday, reaching C$55.86. 1,422,248 shares of the company were exchanged, compared to its average volume of 1,434,421. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. The stock’s 50-day moving average is C$58.76 and its 200-day moving average is C$55.61. The firm has a market cap of C$16.39 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The company had revenue of C$2.40 billion during the quarter. On average, 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.