TD Lowers Keyera (TSE:KEY) Price Target to C$67.00

Keyera (TSE:KEY) had its price objective lowered by investment analysts at TD from C$70.00 to C$67.00 in a research note issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price target points to a potential upside of 19.94% from the company’s current price.

A number of other equities research analysts have also issued reports on KEY. Scotiabank raised their price target on shares of Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. ATB Cormark Capital Markets increased their price objective on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 16th. Jefferies Financial Group set a C$65.00 target price on Keyera and gave the company a “buy” rating in a research note on Tuesday, May 19th. Raymond James Financial dropped their price target on Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$73.00.

Keyera Trading Down 4.5%

TSE:KEY traded down C$2.61 during trading hours on Friday, reaching C$55.86. The company’s stock had a trading volume of 1,422,248 shares, compared to its average volume of 1,434,421. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a market capitalization of C$16.39 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 1.35 and a beta of 0.48. The firm has a 50-day simple moving average of C$58.76 and a 200-day simple moving average of C$55.61. Keyera has a 1 year low of C$40.09 and a 1 year high of C$61.41.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The firm had revenue of C$2.40 billion for the quarter. Research 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.