Keyera (TSE:KEY) Price Target Cut to C$60.00 by Analysts at TD

Key Points

• TD cut its price target on Keyera from C$62.00 to C$60.00 while keeping a buy rating, implying about a 19.05% upside from the company's current price.
• Analyst consensus is a Moderate Buy with a consensus target of C$54.08; analyst breakdown is 1 Strong Buy, 8 Buy and 4 Hold.
• Shares traded at C$50.40 (up 1.8%) with a market cap of C$11.56B and a PE of 26.67; Keyera reported C$0.39 EPS and C$1.70B revenue in the most recent quarter.

Keyera (TSE:KEY - Get Free Report) had its price target decreased by stock analysts at TD from C$62.00 to C$60.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD's price objective indicates a potential upside of 19.05% from the company's current price.

A number of other research firms have also weighed in on KEY. BMO Capital Markets dropped their price objective on Keyera from C$54.00 to C$51.00 and set an "outperform" rating for the company in a research note on Friday, January 9th. TD Securities lifted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Barclays upped their price target on shares of Keyera from C$48.00 to C$53.00 and gave the company an "equal weight" rating in a report on Thursday, April 9th. Citigroup raised their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Finally, National Bank Financial decreased their price objective on shares of Keyera from C$48.00 to C$46.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.08.

Keyera Trading Up 1.8%

Shares of TSE KEY traded up C$0.91 during midday trading on Thursday, reaching C$50.40. The company had a trading volume of 720,983 shares, compared to its average volume of 1,378,380. Keyera has a one year low of C$40.09 and a one year high of C$55.35. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. The firm's fifty day moving average price is C$52.16 and its 200-day moving average price is C$47.23. The stock has a market cap of C$11.56 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. The company had revenue of C$1.70 billion during the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, equities research analysts anticipate 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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