Citigroup Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its target price hoisted by analysts at Citigroup from C$51.00 to C$58.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 11.93% from the stock’s current price.

A number of other brokerages also recently issued reports on KEY. TD Securities increased their price target on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. National Bank Financial decreased their target price on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th. Barclays lifted their price target on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets reduced their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$52.45.

Keyera Stock Performance

TSE KEY traded up C$0.78 during mid-day trading on Monday, reaching C$51.82. 306,089 shares of the stock were exchanged, compared to its average volume of 1,264,437. The company has a market capitalization of C$11.88 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.35 and a beta of 0.58. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The business’s 50 day moving average is C$45.50 and its 200-day moving average is C$44.62. Keyera has a 1 year low of C$37.80 and a 1 year high of C$52.66.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The business had revenue of C$1.70 billion during the quarter. On average, equities research analysts forecast 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.