Keyera (TSE:KEY) Price Target Raised to C$65.00 at Canadian Imperial Bank of Commerce

Keyera (TSE:KEY) had its price objective upped by investment analysts at Canadian Imperial Bank of Commerce from C$63.00 to C$65.00 in a research note issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would suggest a potential upside of 14.84% from the stock’s current price.

KEY has been the topic of a number of other reports. Royal Bank Of Canada increased their price target on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Raymond James Financial increased their price target on Keyera from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD set a C$68.00 price target on Keyera and gave the stock a “buy” rating in a research report on Tuesday, June 9th. National Bank Financial increased their price target on Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Finally, Barclays increased their price target 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, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

Keyera Stock Performance

Shares of Keyera stock traded down C$0.60 on Tuesday, reaching C$56.60. 684,666 shares of the company were exchanged, compared to its average volume of 1,530,922. 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 company’s 50-day moving average is C$54.10 and its two-hundred day moving average is C$50.03. The firm has a market cap of C$12.98 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 1.35 and a beta of 0.47. Keyera has a 1-year low of C$40.09 and a 1-year 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 for the quarter. The company had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. As a group, research analysts expect that Keyera will post 2.2166667 earnings per share 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.