Keyera (TSE:KEY) Given New C$60.00 Price Target at BMO Capital Markets

Keyera (TSE:KEY) had its price objective boosted by equities researchers at BMO Capital Markets from C$55.00 to C$60.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 5.56% from the company’s previous close.

A number of other equities analysts have also recently issued reports on KEY. TD Securities upped their price target 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. Royal Bank Of Canada upped their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. TD boosted their target price on Keyera from C$60.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup boosted their target price on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Barclays boosted their target price on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$56.69.

Keyera Stock Up 3.1%

Keyera stock traded up C$1.73 during mid-day trading on Friday, reaching C$56.84. The stock had a trading volume of 1,431,462 shares, compared to its average volume of 1,404,326. The company has a market capitalization of C$13.03 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.35 and a beta of 0.56. The company has a 50-day moving average price of C$52.26 and a two-hundred day moving average price of C$47.64. Keyera has a one year low of C$40.09 and a one year high of C$57.22. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57.

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. The firm had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, 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.