Barclays Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Key Points

• Barclays raised its price target on Keyera from C$48.00 to C$53.00 while maintaining an "equal weight" rating, implying roughly a 2.0% upside from the prior close.
• Several other brokers shifted targets higher (e.g., Citigroup to C$58, TD to C$56, Raymond James to C$66), and the analyst consensus is a "Moderate Buy" with a consensus price target of C$53.55.
• Keyera traded around C$51.94 mid-day with a market cap of C$11.91 billion and a PE of 27.48; the company reported C$0.39 EPS and C$1.70 billion revenue for the most recent quarter.

Keyera (TSE:KEY - Get Free Report) had its price target hoisted by Barclays from C$48.00 to C$53.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 2.04% from the stock's previous close.

A number of other research analysts have also commented on KEY. Citigroup increased their price objective on Keyera from C$51.00 to C$58.00 and gave the company a "buy" rating in a report on Monday, February 23rd. TD Securities increased their price objective on Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a report on Friday, February 13th. BMO Capital Markets lowered their price objective on Keyera from C$54.00 to C$51.00 and set an "outperform" rating on the stock in a report on Friday, January 9th. Raymond James Financial increased their target price on Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. Finally, National Bank Financial decreased their target price on Keyera from C$48.00 to C$46.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$53.55.

Keyera Stock Up 0.8%

Shares of TSE KEY traded up C$0.40 during mid-day trading on Thursday, reaching C$51.94. 873,257 shares of the company traded hands, compared to its average volume of 1,428,807. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76. The stock has a market cap of C$11.91 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company's fifty day moving average is C$51.74 and its two-hundred day moving average is C$46.63. Keyera has a fifty-two week low of C$38.24 and a fifty-two week high of C$55.35.

Keyera (TSE:KEY - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.70 billion for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, analysts expect that Keyera will post 2.2166667 earnings per share 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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