Keyera (TSE:KEY) Price Target Cut to C$67.00 by Analysts at TD

Key Points

• TD cut Keyera’s price target from C$70 to C$67 while maintaining a “buy” rating, implying nearly 20% upside from the prior close.
• Analyst sentiment remains positive: 11 analysts rate the stock a Buy and four rate it a Hold, resulting in a “Moderate Buy” consensus and an average target of C$73.
• Keyera shares fell C$2.61 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 stock analysts at TD from C$70.00 to C$67.00 in a report released on Friday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's price objective points to a potential upside of 19.94% from the company's previous close.

Other analysts have also issued reports about the company. National Bank Financial raised their price objective on Keyera from C$61.00 to C$62.00 and gave the company an "outperform" rating in a research note on Tuesday, June 23rd. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the stock a "buy" rating in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce increased their target price on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Barclays upped their price objective on shares of Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Finally, Raymond James Financial dropped 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$73.00.

Keyera Stock Performance

Shares of KEY traded down C$2.61 during trading hours on Friday, reaching C$55.86. 1,422,248 shares of the company traded hands, compared to its average volume of 1,434,421. 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's fifty day moving average is C$58.76 and its 200 day moving average is C$55.61. 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. Keyera has a 1-year low of C$40.09 and a 1-year high of C$61.41.

Keyera (TSE:KEY - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts anticipate that Keyera will post 2.2166667 earnings per share 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.

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