Keyera (TSE:KEY) PT Raised to C$45.00 at Royal Bank of Canada

Keyera (TSE:KEY) had its target price hoisted by analysts at Royal Bank of Canada from C$44.00 to C$45.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 3.35% from the company’s current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their target price on Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. CIBC raised their target price on Keyera from C$37.00 to C$39.00 in a research report on Monday, July 15th. Scotiabank raised their target price on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. National Bankshares raised their target price on Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, Citigroup increased their price target on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.00.

Keyera Trading Up 0.2 %

TSE KEY opened at C$43.54 on Thursday. The firm has a market capitalization of C$9.98 billion, a P/E ratio of 29.20, a PEG ratio of 1.35 and a beta of 2.09. The business has a fifty day simple moving average of C$40.22 and a 200 day simple moving average of C$37.53. Keyera has a 12 month low of C$30.55 and a 12 month high of C$43.63. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Keyera (TSE:KEY) last announced its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The firm had revenue of C$1.72 billion during the quarter. On average, analysts predict that Keyera will post 2.1985409 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total transaction of C$74,953.79. Corporate insiders own 0.39% of the company’s stock.

Keyera Company Profile

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.