TD Has Lowered Expectations for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its target price dropped by investment analysts at TD from C$62.00 to C$60.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 16.50% from the stock’s previous close.

A number of other brokerages also recently commented on KEY. Barclays lifted their target price on shares of 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. Citigroup lifted their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. National Bank Financial reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Raymond James Financial lifted their target price on shares of Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. Finally, TD Securities lifted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and a consensus target price of C$54.08.

Keyera Price Performance

Shares of KEY stock opened at C$51.50 on Thursday. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. The firm’s 50-day moving average is C$52.13 and its two-hundred day moving average is C$47.28. Keyera has a 12 month low of C$40.09 and a 12 month high of C$55.35. The company has a market capitalization of C$11.81 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last issued its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion for the quarter. Analysts predict that Keyera will post 2.2166667 earnings per share for the current year.

About Keyera

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.