Keyera (TSE:KEY) Stock Price Target Lowered at BMO Capital Markets

Keyera (TSE:KEY) had its price target decreased by equities researchers at BMO Capital Markets from C$63.00 to C$62.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets‘s price target suggests a potential upside of 19.28% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada increased their price target on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Stifel Nicolaus upped their price objective on Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a research report on Friday, September 4th. Citigroup raised their target price on Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Scotiabank boosted their target price on Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, Scotia boosted their target price on Keyera from C$88.00 to C$92.00 and gave the stock a “sector perform” rating in a research note on Friday, September 4th. Ten 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, the company presently has an average rating of “Moderate Buy” and an average target price of C$73.07.

Keyera Trading Up 1.4%

Shares of KEY stock traded up C$0.72 during trading hours on Wednesday, hitting C$51.98. The company had a trading volume of 435,091 shares, compared to its average volume of 1,419,277. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The company’s fifty day moving average is C$54.18 and its 200 day moving average is C$54.54. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The stock has a market capitalization of C$15.25 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Keyera (TSE:KEY) last released its quarterly earnings results on Tuesday, November 10th. The company reported C($0.23) EPS for the quarter. The firm had revenue of C$2.44 billion for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. Research analysts expect that Keyera will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Keyera

In other news, Director Taylor Timothy Kitchen purchased 500 shares of the business’s stock in a transaction on Friday, September 4th. The shares were bought at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately C$418,050. This represents a 7.14% increase in their position. 0.39% of the stock is owned by corporate insiders.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.