Keyera (TSE:KEY) Given New C$55.00 Price Target at ATB Cormark Capital Markets

Keyera (TSE:KEY) had its price target hoisted by ATB Cormark Capital Markets from C$54.00 to C$55.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential downside of 4.68% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. National Bank Financial upped their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Citigroup increased their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Scotia increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$57.36.

Keyera Price Performance

Shares of TSE KEY traded down C$0.65 during midday trading on Thursday, reaching C$57.70. The stock had a trading volume of 551,141 shares, compared to its average volume of 1,452,528. The stock has a 50-day moving average of C$52.68 and a 200-day moving average of C$48.10. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The company has a market capitalization of C$13.23 billion, a price-to-earnings ratio of 73.04, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Keyera has a 12-month low of C$40.09 and a 12-month high of C$59.14.

Keyera (TSE:KEY) last announced its quarterly earnings data 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 6.59% and a net margin of 2.73%. As a group, research analysts anticipate that Keyera will post 2.2166667 EPS 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.