Keyera (TSE:KEY) Stock Rating Upgraded by Raymond James

Keyera (TSE:KEY – Get Rating) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a C$36.50 target price on the stock. Raymond James’ price target suggests a potential upside of 12.97% from the stock’s previous close. Raymond James also issued estimates for Keyera’s FY2023 earnings at $2.35 EPS.

KEY has been the subject of several other reports. National Bankshares upped their price objective on shares of Keyera from C$37.00 to C$38.00 in a report on Thursday. Royal Bank of Canada upped their price objective on shares of Keyera from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Tudor Pickering restated a “hold” rating and issued a C$31.00 price objective on shares of Keyera in a report on Wednesday, February 16th. CSFB upped their price objective on shares of Keyera from C$37.00 to C$40.50 in a report on Monday, April 11th. Finally, BMO Capital Markets increased their price target on shares of Keyera from C$31.00 to C$32.00 in a research note on Thursday, February 17th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$35.53.

TSE:KEY traded down C$0.21 during midday trading on Thursday, reaching C$32.31. 143,666 shares of the stock traded hands, compared to its average volume of 1,137,232. The company has a fifty day moving average of C$31.63 and a 200 day moving average of C$30.14. Keyera has a 12 month low of C$26.34 and a 12 month high of C$35.75. The company has a debt-to-equity ratio of 139.14, a quick ratio of 0.84 and a current ratio of 1.20. The stock has a market capitalization of C$7.14 billion and a P/E ratio of 22.03.

Keyera (TSE:KEY – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.24. The firm had revenue of C$1.74 billion for the quarter. On average, analysts predict that Keyera will post 2.1400001 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.

Further Reading