Keyera (TSE:KEY) Price Target Raised to C$65.00 at Canadian Imperial Bank of Commerce

Keyera (TSE:KEY) had its price target raised by research analysts at Canadian Imperial Bank of Commerce from C$63.00 to C$65.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 14.84% from the stock’s previous close.

KEY has been the subject of a number of other reports. Barclays increased their price target on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada increased their price objective on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotia increased their price objective on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. BMO Capital Markets increased their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday. Finally, ATB Cormark Capital Markets increased their price objective on Keyera from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Keyera currently has an average rating of “Moderate Buy” and a consensus target price of C$60.64.

Keyera Price Performance

TSE KEY traded down C$0.60 on Tuesday, reaching C$56.60. 684,666 shares of the stock traded hands, compared to its average volume of 1,530,922. The firm’s fifty day simple moving average is C$54.10 and its 200 day simple moving average is C$50.03. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The company has a market cap of C$12.98 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 1.35 and a beta of 0.47. Keyera has a 12 month low of C$40.09 and a 12 month high of C$59.99.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The firm had revenue of C$1.30 billion for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. As a group, research analysts predict that Keyera will post 2.2166667 EPS 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.