Keyera (TSE:KEY) Given New C$90.00 Price Target at Stifel Nicolaus

Keyera (TSE:KEY) had its target price raised by stock analysts at Stifel Nicolaus from C$85.00 to C$90.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 61.12% from the stock’s current price.

Several other brokerages also recently issued reports on KEY. Citigroup upped their price objective on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada increased their price target on Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. National Bank Financial raised their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce upped their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, Scotia increased their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Price Performance

Keyera stock traded down C$2.61 during mid-day trading on Friday, hitting C$55.86. 1,422,248 shares of the company were exchanged, compared to its average volume of 1,434,421. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The company has a market capitalization of C$16.39 billion, a P/E ratio of 36.51, a PEG ratio of 1.35 and a beta of 0.48. The business’s 50 day simple moving average is C$58.76 and its two-hundred day simple moving average is C$55.61. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The business had revenue of C$2.40 billion for the quarter. Analysts forecast 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.