TD Securities Boosts Keyera (TSE:KEY) Price Target to C$56.00

Keyera (TSE:KEY) had its price objective lifted by investment analysts at TD Securities from C$52.00 to C$56.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 8.00% from the company’s current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets decreased their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Barclays decreased their price target on shares of Keyera from C$45.00 to C$43.00 in a report on Thursday, January 8th. Finally, National Bank Financial lowered their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$51.82.

Keyera Price Performance

Shares of TSE KEY opened at C$51.85 on Friday. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$52.13. The stock has a market cap of C$11.89 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The stock has a fifty day moving average of C$44.82 and a 200-day moving average of C$44.33.

Keyera (TSE:KEY) last issued its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.70 billion during the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. Equities research analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

About Keyera

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.