TD Boosts Keyera (TSE:KEY) Price Target to C$68.00

Keyera (TSE:KEY) had its price objective increased by TD from C$61.00 to C$68.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 18.94% from the company’s current price.

A number of other research firms also recently commented on KEY. BMO Capital Markets raised their target price on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Barclays raised their target price on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Raymond James Financial raised their target price on Keyera from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Scotia raised their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, TD Securities raised their price target on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$57.86.

Keyera Price Performance

Keyera stock traded down C$0.44 during midday trading on Tuesday, reaching C$57.17. The company’s stock had a trading volume of 355,297 shares, compared to its average volume of 1,445,808. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$59.14. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The stock’s 50 day simple moving average is C$52.97 and its 200 day simple moving average is C$48.46. The firm has a market capitalization of C$13.11 billion, a PE ratio of 72.37, a P/E/G ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last released its earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The business had revenue of C$1.30 billion during the quarter. On average, equities research analysts forecast 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.