Keyera (TSE:KEY) Stock Price Expected to Rise, Barclays Analyst Says

Keyera (TSE:KEY) had its target price upped by research analysts at Barclays from C$43.00 to C$48.00 in a note issued to investors on Friday,BayStreet.CA reports. Barclays‘s price target indicates a potential downside of 7.43% from the stock’s previous close.

A number of other equities analysts have also weighed in on KEY. TD Securities upped their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets decreased their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Finally, National Bank Financial dropped their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$51.82.

Keyera Price Performance

Shares of Keyera stock opened at C$51.85 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 52 week low of C$37.80 and a 52 week high of C$52.13. The stock’s 50-day simple moving average is C$44.82 and its 200-day simple moving average is C$44.33. The company has a market capitalization of C$11.89 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.35 and a beta of 0.58.

Keyera (TSE:KEY) last issued its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The company had revenue of C$1.70 billion for the quarter. As a group, 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.