Keyera (TSE:KEY) Price Target Raised to C$67.00 at Raymond James Financial

Keyera (TSE:KEY – Get Free Report) had its price objective increased by investment analysts at Raymond James Financial from C$65.00 to C$67.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 17.87% from the stock’s previous close.

KEY has been the topic of a number of other research reports. Scotia increased their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday. Citigroup increased their price target on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. TD Securities increased their price target on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. TD increased their price target on Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada increased their price target on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keyera currently has an average rating of “Moderate Buy” and a consensus price target of C$56.69.

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Keyera Stock Up 3.1%

KEY stock traded up C$1.73 during mid-day trading on Friday, reaching C$56.84. The company had a trading volume of 1,431,462 shares, compared to its average volume of 1,404,326. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76. The company has a market capitalization of C$13.03 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. The firm has a fifty day simple moving average of C$52.26 and a 200 day simple moving average of C$47.64. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$57.22.

Keyera (TSE:KEY – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. Analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Company Profile

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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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