Keyera (TSE:KEY) Price Target Raised to C$62.00 at Royal Bank Of Canada

Keyera (TSE:KEY) had its price objective increased by equities researchers at Royal Bank Of Canada from C$60.00 to C$62.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.54% from the company’s current price.

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their target price on Keyera from C$60.00 to C$65.00 in a research report on Tuesday. Canadian Imperial Bank of Commerce lifted their target price on Keyera from C$63.00 to C$65.00 in a research report on Tuesday. Scotia lifted their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Barclays lifted 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. Finally, ATB Cormark Capital Markets lifted their target price on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$60.64.

Keyera Stock Down 1.0%

TSE KEY traded down C$0.60 during trading on Tuesday, reaching C$56.60. 684,666 shares of the company’s stock were exchanged, compared to its average volume of 1,530,922. The stock has a market cap of C$12.98 billion, a P/E ratio of 71.65, a price-to-earnings-growth 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 company has a 50 day moving average price of C$54.10 and a two-hundred day moving average price of C$50.03. 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 (EPS) for the quarter. The business 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%. On average, equities research analysts anticipate 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.