Keyera (TSE:KEY) Price Target Raised to C$56.00 at National Bank Financial

Keyera (TSE:KEY) had its target price upped by research analysts at National Bank Financial from C$50.00 to C$56.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 2.12% from the company’s previous close.

Several other research firms also recently weighed in on KEY. Raymond James Financial upped their price target on Keyera from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. BMO Capital Markets upped their price target on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Barclays upped their price target on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. ATB Cormark Capital Markets upped their price target on Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Finally, TD upped their price target on Keyera from C$61.00 to C$68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$58.29.

Keyera Stock Up 0.0%

Shares of KEY stock traded up C$0.02 during midday trading on Monday, reaching C$57.21. 390,313 shares of the stock were exchanged, compared to its average volume of 1,460,330. Keyera has a 1 year low of C$40.09 and a 1 year high of C$59.14. The company’s 50 day moving average is C$53.21 and its two-hundred day moving average is C$48.90. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10. The firm has a market cap of C$13.12 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The firm had revenue of C$1.30 billion for the quarter. On average, equities research analysts predict that Keyera will post 2.2166667 EPS for the current 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.