Keyera (TSE:KEY) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised Keyera’s price target to C$66 from C$62 and maintained an “outperform” rating, implying 15.83% upside from the reported C$56.98 share price.
• Analyst sentiment is broadly positive: 11 analysts rate the stock a Buy and three rate it Hold, producing a consensus “Moderate Buy” rating and an average target price of C$61.57.
• Keyera reported C$1.19 in quarterly earnings per share and C$2.40 billion in revenue; its shares were down 0.2% in mid-day trading, while the company operates natural-gas processing, pipeline, storage and NGL businesses in Western Canada.

Keyera (TSE:KEY - Get Free Report) had its price objective lifted by investment analysts at Royal Bank Of Canada from C$62.00 to C$66.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 15.83% from the stock's current price.

A number of other analysts have also commented on KEY. Scotia raised their price target on Keyera from C$55.00 to C$60.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce upped their price objective on shares of Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. TD set a C$68.00 target price on shares of Keyera and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Jefferies Financial Group set a C$65.00 target price on shares of Keyera and gave the company a "buy" rating in a research note on Tuesday, May 19th. Finally, National Bank Financial boosted their price target on shares of Keyera from C$61.00 to C$62.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$61.57.

Keyera Trading Down 0.2%

TSE:KEY traded down C$0.13 during mid-day trading on Monday, reaching C$56.98. 588,615 shares of the company's stock traded hands, compared to its average volume of 1,475,240. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The firm has a market capitalization of C$16.72 billion, a price-to-earnings ratio of 72.13, a PEG ratio of 1.35 and a beta of 0.48. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The company has a 50 day moving average price of C$58.15 and a 200-day moving average price of C$53.96.

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 for the quarter. The business had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. On average, sell-side analysts predict 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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