Keyera (TSE:KEY) Price Target Raised to C$65.00

Keyera (TSE:KEY) had its price objective upped by investment analysts at BMO Capital Markets from C$60.00 to C$65.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 14.84% from the company’s current price.

Several other brokerages have also recently commented on KEY. Raymond James Financial boosted their price target on shares of Keyera from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD set a C$68.00 price target on shares of Keyera and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada boosted their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial boosted their price target on shares of Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Finally, Citigroup boosted their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average price target of C$60.64.

Keyera Stock Down 1.0%

KEY traded down C$0.60 during trading on Tuesday, hitting C$56.60. The company had a trading volume of 684,666 shares, compared to its average volume of 1,530,922. The company has a market capitalization of C$12.98 billion, a PE ratio of 71.65, a PEG ratio of 1.35 and a beta of 0.47. Keyera has a one year low of C$40.09 and a one year high of C$59.99. The firm’s 50-day moving average price is C$54.10 and its 200 day moving average price is C$50.03. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. As a group, equities analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Company Profile

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.