BMO Capital Markets Increases Keyera (TSE:KEY) Price Target to C$35.00

Keyera (TSE:KEY) had its target price hoisted by equities researchers at BMO Capital Markets from C$34.00 to C$35.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 9.99% from the stock’s current price.

Other analysts have also issued research reports about the company. National Bankshares dropped their price objective on Keyera from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 19th. Stifel Nicolaus raised their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, August 11th. CIBC downgraded shares of Keyera from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$37.00 to C$33.00 in a report on Thursday, October 19th. National Bank Financial lowered shares of Keyera from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Friday, August 11th. Finally, Wells Fargo & Company lifted their target price on shares of Keyera from C$32.00 to C$33.00 in a report on Friday, August 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Keyera currently has an average rating of “Hold” and an average target price of C$35.00.

Keyera Price Performance

TSE:KEY opened at C$31.82 on Thursday. The stock has a market capitalization of C$7.29 billion, a PE ratio of 21.65, a P/E/G ratio of 0.92 and a beta of 2.14. Keyera has a 1-year low of C$27.98 and a 1-year high of C$34.18. The firm has a fifty day simple moving average of C$32.41 and a 200 day simple moving average of C$31.86. The company has a current ratio of 1.13, a quick ratio of 0.57 and a debt-to-equity ratio of 147.93.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, August 10th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.46 by C$0.23. Keyera had a net margin of 4.99% and a return on equity of 12.02%. The company had revenue of C$1.50 billion for the quarter, compared to analyst estimates of C$1.94 billion. During the same period in the previous year, the business earned $0.78 EPS. On average, research analysts expect that Keyera will post 1.9126844 EPS for the current fiscal year.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids in Canada and the United States. It 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.