Keyera (TSE:KEY) Price Target Raised to C$62.00 at National Bank Financial

Keyera (TSE:KEY) had its price target lifted by investment analysts at National Bank Financial from C$61.00 to C$62.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 7.77% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup upped their target price on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Barclays raised their price target on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Canadian Imperial Bank of Commerce boosted their price objective on Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. BMO Capital Markets upped their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group set a C$65.00 target price on Keyera and gave the stock a “buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Keyera has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

Keyera Trading Up 1.1%

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

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

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.