Raymond James Financial Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY - Get Free Report) had its price target hoisted by stock analysts at Raymond James Financial from C$51.00 to C$59.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 34.15% from the stock's current price. Raymond James Financial also issued estimates for Keyera's FY2025 earnings at $2.19 EPS, FY2026 earnings at $2.85 EPS, FY2027 earnings at $3.04 EPS, FY2028 earnings at $3.63 EPS and FY2029 earnings at $3.81 EPS.

KEY has been the topic of several other research reports. National Bankshares set a C$45.00 price target on shares of Keyera and gave the company a "sector perform" rating in a research report on Friday, June 20th. ATB Capital increased their target price on shares of Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Monday. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from C$47.00 to C$51.00 in a research note on Friday, June 20th. Royal Bank Of Canada upped their price target on Keyera from C$46.00 to C$53.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, BMO Capital Markets upgraded Keyera from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$51.18.

Keyera Stock Performance

Shares of TSE:KEY traded up C$0.05 during trading on Monday, hitting C$43.98. 836,504 shares of the stock traded hands, compared to its average volume of 1,337,385. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The company has a fifty day moving average price of C$42.75 and a two-hundred day moving average price of C$42.67. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90. The company has a market cap of C$10.13 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.35 and a beta of 2.09.

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.