Raymond James Financial Cuts Keyera (TSE:KEY) Price Target to C$66.00

Keyera (TSE:KEY) had its price target decreased by equities researchers at Raymond James Financial from C$67.00 to C$66.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 16.61% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets boosted their target price on shares of Keyera from C$60.00 to C$65.00 in a report on Tuesday. Canadian Imperial Bank of Commerce boosted their target price on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday. Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the stock a “buy” rating in a report on Tuesday, May 19th. Scotiabank upped their price objective on shares of Keyera from C$60.00 to C$65.00 in a report on Tuesday. Finally, National Bank Financial upped their target price on shares of Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$60.64.

Keyera Price Performance

Shares of Keyera stock traded down C$0.60 during midday trading on Tuesday, hitting C$56.60. 684,666 shares of the company traded hands, compared to its average volume of 1,530,922. The stock has a market cap of C$12.98 billion, a price-to-earnings ratio of 71.65, 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. The firm’s fifty day moving average price is C$54.10 and its 200-day moving average price is C$50.03. Keyera has a 12 month low of C$40.09 and a 12 month high of C$59.99.

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