Raymond James Financial Lowers Keyera (TSE:KEY) Price Target to C$65.00

Keyera (TSE:KEY) had its price objective cut by Raymond James Financial from C$66.00 to C$65.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 12.98% from the company’s previous close.

A number of other equities analysts have also issued reports on KEY. National Bank Financial upgraded Keyera from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$56.00 to C$61.00 in a research note on Tuesday, June 16th. Scotia boosted their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Royal Bank Of Canada boosted their price target on Keyera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Citigroup increased their price objective on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, BMO Capital Markets raised their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$60.64.

Keyera Stock Up 1.1%

Keyera stock traded up C$0.62 during midday trading on Tuesday, reaching C$57.53. The company’s stock had a trading volume of 442,767 shares, compared to its average volume of 1,568,561. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57. The stock has a market capitalization of C$16.23 billion, a P/E ratio of 72.82, a PEG ratio of 1.35 and a beta of 0.47. The stock’s 50-day simple moving average is C$54.46 and its 200-day simple moving average is C$50.44. Keyera has a 52-week low of C$40.09 and a 52-week 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 for the quarter. The business had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, sell-side analysts expect that Keyera will post 2.2166667 EPS for the current 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.