Keyera (TSE:KEY) Price Target Raised to C$66.00 at Raymond James Financial

Key Points

• Raymond James raised its price target on Keyera to C$66.00 (from C$63.00), implying roughly a 22.06% upside from the current share price.
• Analysts hold a Moderate Buy consensus with a MarketBeat target of C$53.09; ratings breakdown is 1 Strong Buy, 7 Buy and 3 Hold.
• Keyera traded at C$54.07 midday (down ~0.5%); it reported quarterly EPS of C$0.39 on C$1.70 billion in revenue and has a market capitalization of C$12.4 billion.

Keyera (TSE:KEY - Get Free Report) had its price target raised by equities research analysts at Raymond James Financial from C$63.00 to C$66.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James Financial's target price indicates a potential upside of 22.06% from the company's current price.

Other research analysts also recently issued reports about the stock. National Bank Financial lowered 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. Citigroup increased their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Barclays boosted their price target on Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th. TD Securities upped their price objective on Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Finally, BMO Capital Markets decreased their price objective on Keyera from C$54.00 to C$51.00 and set an "outperform" rating for the company in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Keyera currently has a consensus rating of "Moderate Buy" and a consensus target price of C$53.09.

Keyera Stock Down 0.5%

TSE:KEY traded down C$0.27 during midday trading on Monday, hitting C$54.07. 539,108 shares of the company were exchanged, compared to its average volume of 1,392,322. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$55.35. The company has a fifty day simple moving average of C$50.29 and a 200 day simple moving average of C$46.17. The company has a market capitalization of C$12.40 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.35 and a beta of 0.70.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. The business 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%. As a group, equities 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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