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

Keyera (TSE:KEY – Get Free Report) had its target price decreased by stock analysts at Raymond James Financial from C$67.00 to C$66.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 16.61% from the company’s current price.

KEY has been the subject of a number of other research reports. TD set a C$68.00 target price on shares of Keyera and gave the company 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 report on Tuesday, May 19th. Scotiabank raised their target price on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday. Citigroup raised their target price on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

Get Keyera alerts:

Read Our Latest Stock Analysis on KEY

Keyera Stock Down 1.0%

Shares of TSE:KEY traded down C$0.60 during midday trading on Tuesday, reaching C$56.60. 684,666 shares of the company were exchanged, compared to its average volume of 1,530,922. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$59.99. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The stock has a fifty day simple moving average of C$54.10 and a two-hundred day simple moving average of C$50.03. The firm has a market cap of C$12.98 billion, a PE ratio of 71.65, a P/E/G ratio of 1.35 and a beta of 0.47.

Keyera (TSE:KEY – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The company had revenue of C$1.30 billion for the quarter. As a group, sell-side analysts forecast that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Keyera
• Strategy’s Bitcoin Rally Has a Hidden Engine
• Okta’s AI Moment May Be Bigger Than Investors Realize
• 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
• 5 High-Yield Stocks With Analyst Support and Room to Run

Receive News & Ratings for Keyera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keyera and related companies with MarketBeat.com's FREE daily email newsletter.