National Bank Financial Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEYGet Free Report) had its target price upped by National Bank Financial from C$61.00 to C$62.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 7.77% from the stock’s previous close.

A number of other equities research analysts also recently commented on KEY. Barclays boosted their target price on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Scotia upped their price objective on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their target price on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Raymond James Financial cut their target price on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, TD set a C$68.00 price target on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

View Our Latest Stock Report on KEY

Keyera Price Performance

KEY traded up C$0.62 during trading on Tuesday, reaching C$57.53. 442,767 shares of the company traded hands, compared to its average volume of 1,568,561. The company has a market cap of C$16.23 billion, a P/E ratio of 72.82, a PEG ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. Keyera has a 12-month low of C$40.09 and a 12-month high of C$59.99. The firm has a fifty day simple moving average of C$54.46 and a 200 day simple moving average of C$50.44.

Keyera (TSE:KEYGet Free Report) last released its earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, equities analysts forecast that Keyera will post 2.2166667 EPS for the current year.

About Keyera

(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.

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Analyst Recommendations for Keyera (TSE:KEY)

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