BMO Capital Markets Cuts Keyera (TSE:KEY) Price Target to C$64.00

Keyera (TSE:KEY) had its price objective decreased by BMO Capital Markets from C$65.00 to C$64.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 14.57% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Scotiabank boosted their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Raymond James Financial reduced their price objective on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Citigroup increased their price target on Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a report on Friday. National Bank Financial raised their price target on Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$73.00.

Keyera Stock Down 4.5%

Shares of KEY stock traded down C$2.61 during mid-day trading on Friday, reaching C$55.86. 1,422,248 shares of the company’s stock traded hands, compared to its average volume of 1,434,421. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The company’s 50-day moving average price is C$58.76 and its 200-day moving average price is C$55.61. The company has a market cap of C$16.39 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.35 and a beta of 0.48. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The business had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, equities analysts expect that Keyera will post 2.2166667 earnings per share 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.