Keyera (TSE:KEY) Given New C$112.00 Price Target at Desjardins

Keyera (TSE:KEY) had its price target raised by equities researchers at Desjardins from C$103.00 to C$112.00 in a report released on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 100.50% from the company’s current price.

KEY has been the topic of a number of other research reports. Citigroup increased their price objective on Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a report on Friday. Scotia increased their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. BMO Capital Markets raised their price objective on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Scotiabank boosted their price objective 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. Finally, Raymond James Financial decreased their target price on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Stock Performance

TSE:KEY traded down C$2.61 during trading hours on Friday, reaching C$55.86. The stock had a trading volume of 1,422,248 shares, compared to its average volume of 1,434,421. The stock has a market cap of C$16.39 billion, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48. The stock has a 50 day simple moving average of C$58.76 and a 200 day simple moving average of C$55.61. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41.

Keyera (TSE:KEY) last issued its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The firm had revenue of C$2.40 billion during the quarter. On average, 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.