Keyera (TSE:KEY) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised Keyera’s price target to C$112 from C$103 and maintained a “buy” rating, implying roughly 100.5% upside from the reported C$55.86 share price.
• Analyst sentiment is broadly positive, with 11 buy ratings and four holds; MarketBeat lists a “Moderate Buy” consensus and an average target price of C$73.00.
• Keyera shares fell 4.5% to C$55.86 during Friday trading. The company recently reported C$1.19 in quarterly EPS on C$2.40 billion in revenue and operates natural-gas gathering, processing, storage, transportation, and NGL-related businesses.

Keyera (TSE:KEY - Get Free Report) had its price objective raised by research analysts at Desjardins from C$103.00 to C$112.00 in a research report issued on Friday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 100.50% from the stock's current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce raised their price objective on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Stifel Nicolaus boosted their target price on shares of Keyera from C$85.00 to C$90.00 and gave the company a "hold" rating in a research report on Friday. ATB Cormark Capital Markets increased their target price on shares of Keyera from C$55.00 to C$58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, June 16th. Finally, Raymond James Financial decreased their price target on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating for the company in a research note on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Keyera currently 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 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. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. 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 company's 50 day moving average price is C$58.76 and its 200 day moving average price is C$55.61.

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