Raymond James Reiterates C$47.00 Price Target for Keyera (TSE:KEY)

Keyera (TSE:KEY) has been given a C$47.00 target price by Raymond James in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 6.84% from the company’s current price.

KEY has been the subject of several other reports. Royal Bank of Canada upped their target price on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Citigroup raised their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. CIBC boosted their price target on shares of Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. National Bankshares raised their price objective on shares of Keyera from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Keyera Price Performance

Shares of TSE:KEY traded down C$0.28 during trading hours on Friday, hitting C$43.99. 213,520 shares of the company’s stock traded hands, compared to its average volume of 1,025,168. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The company’s fifty day simple moving average is C$40.73 and its two-hundred day simple moving average is C$37.89. Keyera has a 52 week low of C$31.16 and a 52 week high of C$44.56. The company has a market cap of C$10.08 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY) last posted its quarterly 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. The company had revenue of C$1.72 billion for the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. As a group, equities analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Insiders Place Their Bets

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s 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. 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.