Keyera (TSE:KEY) Price Target Raised to C$90.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Keyera’s price target to C$90 from C$85 while maintaining a “hold” rating, implying 61.12% potential upside from the reported C$55.86 share price.
• Keyera shares fell 4.5% to C$55.86 during Friday trading. The stock has a market capitalization of approximately C$16.39 billion and has traded between C$40.09 and C$61.41 over the past year.
• Analyst sentiment remains positive overall, with 11 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average target of C$73.00. Keyera reported C$1.19 in quarterly EPS and C$2.40 billion in revenue.

Keyera (TSE:KEY - Get Free Report) had its price target hoisted by analysts at Stifel Nicolaus from C$85.00 to C$90.00 in a research note issued to investors on Friday, BayStreet reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 61.12% from the company's current price.

KEY has been the subject of a number of other reports. TD lowered their price target on Keyera from C$70.00 to C$67.00 and set a "buy" rating for the company in a report on Friday. Scotia boosted their price objective on shares of 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. Royal Bank Of Canada upped their target price on shares of Keyera from C$62.00 to C$66.00 and gave the company an "outperform" rating in a report on Monday, August 10th. BMO Capital Markets increased their target price on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Finally, Citigroup lifted their price target on shares of Keyera from C$102.00 to C$106.00 and gave the stock a "buy" rating in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$73.00.

Keyera Stock Down 4.5%

Keyera stock 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 company has a market cap of C$16.39 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.35 and a beta of 0.48. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The business has a 50-day simple moving average of C$58.76 and a 200-day simple moving average of C$55.61. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The business had revenue of C$2.40 billion during the quarter. On average, research analysts expect 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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