Keyera (TSE:KEY) Given New C$40.00 Price Target at Citigroup

Keyera (TSE:KEY - Get Free Report) had its target price upped by research analysts at Citigroup from C$37.00 to C$40.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 9.02% from the company's current price.

Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of Keyera from C$38.00 to C$40.00 and gave the stock an "outperform" rating in a report on Wednesday. CIBC increased their target price on Keyera from C$36.00 to C$37.00 and gave the stock a "neutral" rating in a research report on Wednesday. ATB Capital boosted their price target on Keyera from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday. TD Securities increased their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Keyera from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$38.17.

Keyera Stock Performance

Shares of TSE KEY traded up C$0.49 during trading on Thursday, hitting C$36.69. The company had a trading volume of 739,101 shares, compared to its average volume of 847,197. Keyera has a 12 month low of C$29.31 and a 12 month high of C$36.94. The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. The firm has a market capitalization of C$8.41 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.11. The stock has a 50 day simple moving average of C$34.89 and a 200 day simple moving average of C$33.38.

Keyera (TSE:KEY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The business had revenue of C$2.30 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. As a group, analysts anticipate that Keyera will post 1.9336235 earnings per share for the current year.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.