Keyera (TSE:KEY) Price Target Cut to C$64.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Keyera’s price target from C$65 to C$64 while maintaining an “outperform” rating, implying 14.57% upside from the previous close.
• Analyst sentiment remains generally positive: 11 analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average target of C$73.
• Keyera shares fell 4.5% to C$55.86 in Friday trading. The company recently reported quarterly EPS of C$1.19 on revenue of C$2.40 billion.

Keyera (TSE:KEY - Get Free Report) had its target price reduced by investment analysts at BMO Capital Markets from C$65.00 to C$64.00 in a research note issued to investors on Friday, BayStreet reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 14.57% from the stock's previous close.

Several other research analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Royal Bank Of Canada raised their price target on Keyera from C$62.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Stifel Nicolaus raised their target price on Keyera from C$85.00 to C$90.00 and gave the stock a "hold" rating in a report on Friday. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a "buy" rating in a research report on Tuesday, May 19th. Finally, Citigroup raised their price target on Keyera from C$102.00 to C$106.00 and gave the stock a "buy" rating in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$73.00.

Keyera Trading Down 4.5%

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

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

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