Royal Bank Of Canada Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its target price lifted by research analysts at Royal Bank Of Canada from C$62.00 to C$66.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 15.83% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Raymond James Financial decreased their price target on Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a research report on Tuesday, May 19th. National Bank Financial lifted their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Scotia boosted their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Finally, Scotiabank upped their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$61.57.

Keyera Stock Down 0.2%

Shares of TSE:KEY traded down C$0.13 during trading on Monday, reaching C$56.98. 588,615 shares of the stock traded hands, compared to its average volume of 1,475,240. The stock has a market cap of C$16.72 billion, a P/E ratio of 72.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The stock has a 50-day moving average of C$58.15 and a two-hundred day moving average of C$53.96. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. As a group, sell-side analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal 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.