Keyera (TSE:KEY) Price Target Increased to C$36.50 by Analysts at Raymond James

Keyera (TSE:KEYGet Rating) had its price objective upped by investment analysts at Raymond James from C$34.00 to C$36.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 7.01% from the stock’s current price.

KEY has been the topic of a number of other reports. Tudor Pickering restated a “hold” rating and set a C$31.00 target price on shares of Keyera in a research report on Wednesday, February 16th. TD Securities boosted their price objective on Keyera from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 30th. National Bankshares increased their target price on Keyera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, March 30th. Tudor Pickering & Holt set a C$31.00 price target on shares of Keyera and gave the stock a “hold” rating in a report on Wednesday, February 16th. Finally, Royal Bank of Canada increased their price objective on shares of Keyera from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$35.28.

Keyera stock traded up C$0.33 during mid-day trading on Tuesday, hitting C$34.11. The company had a trading volume of 255,590 shares, compared to its average volume of 1,116,362. The company has a market capitalization of C$7.54 billion and a price-to-earnings ratio of 23.20. Keyera has a 12-month low of C$25.41 and a 12-month high of C$35.75. The company’s fifty day moving average is C$30.85 and its 200-day moving average is C$30.13. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 139.14.

Keyera (TSE:KEYGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.52 by C$0.24. The firm had revenue of C$1.74 billion for the quarter. As a group, sell-side analysts expect that Keyera will post 2.1480991 EPS for the current fiscal year.

About Keyera (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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