Keyera (TSE:KEY) Given New C$106.00 Price Target at Citigroup

Key Points

• Citigroup raised Keyera’s price target to C$106 from C$102 and maintained a “buy” rating, implying approximately 89.76% upside from the prior close.
• Analyst sentiment remains broadly positive, with 11 Buy ratings and four Holds; MarketBeat reports a consensus “Moderate Buy” rating and a C$73 average price target.
• Keyera shares fell C$2.61 to C$55.86 in Friday trading. The company recently reported C$1.19 in quarterly EPS and C$2.40 billion in revenue.

Keyera (TSE:KEY - Get Free Report) had its price objective upped by stock analysts at Citigroup from C$102.00 to C$106.00 in a research note issued on Friday, BayStreet reports. The firm currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 89.76% from the stock's previous close.

A number of other equities analysts also recently weighed in on the stock. TD dropped their target price on shares of Keyera from C$70.00 to C$67.00 and set a "buy" rating for the company in a research note on Friday. Raymond James Financial dropped their price objective on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating for the company in a research report on Tuesday, June 23rd. National Bank Financial upped 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. Barclays lifted their target price on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Keyera presently has a consensus rating of "Moderate Buy" and a consensus price target of C$73.00.

Keyera Price Performance

Shares of TSE KEY traded down C$2.61 during mid-day trading on Friday, hitting C$55.86. 1,422,248 shares of the stock were exchanged, compared to its average volume of 1,434,421. The company has a market cap of C$16.39 billion, a P/E ratio of 36.51, a PEG 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. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. The stock's fifty day simple moving average is C$58.76 and its two-hundred day simple moving average is C$55.61.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The firm had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. As a group, analysts forecast that Keyera will post 2.2166667 EPS 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.

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