Keyera (TSE:KEY) Price Target Raised to C$37.00

Keyera (TSE:KEYGet Free Report) had its target price hoisted by equities researchers at CIBC from C$36.00 to C$37.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 1.87% from the company’s current price.

Several other equities analysts also recently issued reports on KEY. BMO Capital Markets upped their target price on Keyera from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Wednesday. National Bankshares upped their target price on Keyera from C$34.00 to C$35.00 in a research report on Wednesday. Scotiabank increased their price target on Keyera from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on Keyera from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Securities increased their price target on Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Keyera presently has a consensus rating of “Moderate Buy” and an average target price of C$37.92.

View Our Latest Stock Analysis on KEY

Keyera Stock Up 0.6 %

Shares of KEY stock traded up C$0.20 during trading hours on Wednesday, reaching C$36.32. 327,924 shares of the company’s stock were exchanged, compared to its average volume of 842,353. The stock’s 50 day moving average is C$34.79 and its 200-day moving average is C$33.34. The company has a market cap of C$8.32 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.33 and a beta of 2.11. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22. Keyera has a fifty-two week low of C$29.31 and a fifty-two week high of C$36.94.

Keyera (TSE:KEYGet Free Report) last released its earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$0.37. Keyera had a return on equity of 15.15% and a net margin of 6.01%. The firm had revenue of C$2.30 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Analysts predict that Keyera will post 1.9336235 earnings per share for the current fiscal year.

Keyera Company Profile

(Get Free Report)

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.

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Analyst Recommendations for Keyera (TSE:KEY)

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