Keyera (TSE:KEY) Stock Price Target Lowered at ATB Cormark Capital Markets

Keyera (TSE:KEY) had its price target decreased by investment analysts at ATB Cormark Capital Markets from C$63.00 to C$61.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. ATB Cormark Capital Markets‘s price objective points to a potential upside of 17.35% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD reduced their price target on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Citigroup raised their price objective on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Scotiabank boosted their target price on shares of Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada upped their target price on shares of Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, Scotia increased their price target on shares of Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Friday, September 4th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average target price of C$73.07.

Keyera Price Performance

KEY traded up C$0.72 during trading on Wednesday, hitting C$51.98. The company’s stock had a trading volume of 435,091 shares, compared to its average volume of 1,419,277. The firm’s 50 day moving average price is C$54.18 and its two-hundred day moving average price is C$54.54. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41. The stock has a market capitalization of C$15.25 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Keyera (TSE:KEY) last announced its earnings results on Tuesday, November 10th. The company reported C($0.23) EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. The business had revenue of C$2.44 billion for the quarter. Sell-side analysts forecast that Keyera will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Taylor Timothy Kitchen acquired 500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at C$418,050. This trade represents a 7.14% increase in their ownership of the stock. 0.39% of the stock is currently owned by insiders.

About Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.