TD Securities Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective increased by equities research analysts at TD Securities from C$52.00 to C$56.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 8.00% from the stock’s previous close.

A number of other brokerages have also commented on KEY. BMO Capital Markets cut their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. National Bank Financial cut their target price on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays reduced their target price on Keyera from C$45.00 to C$43.00 in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$51.82.

Keyera Price Performance

KEY stock traded up C$0.82 during midday trading on Friday, reaching C$51.85. 530,547 shares of the stock were exchanged, compared to its average volume of 1,281,239. Keyera has a 52 week low of C$37.80 and a 52 week high of C$52.13. The company has a fifty day moving average price of C$44.69 and a 200 day moving average price of C$44.27. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The stock has a market capitalization of C$11.89 billion, a PE ratio of 27.73, a P/E/G ratio of 1.35 and a beta of 0.58.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$1.70 billion for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. As a group, analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

About Keyera

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.