TD Cuts Keyera (TSE:KEY) Price Target to C$60.00
by Amy Steele · The Cerbat GemKeyera (TSE:KEY – Get Free Report) had its target price cut by equities researchers at TD from C$62.00 to C$60.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 19.05% from the company’s current price.
KEY has been the subject of a number of other reports. Citigroup lifted their price target on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Raymond James Financial raised their target price on shares of Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. BMO Capital Markets lowered their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, January 9th. TD Securities boosted their price target on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, National Bank Financial cut their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$54.08.
Check Out Our Latest Analysis on KEY
Keyera Stock Up 1.8%
KEY traded up C$0.91 during trading on Thursday, reaching C$50.40. The stock had a trading volume of 720,983 shares, compared to its average volume of 1,378,380. The stock’s 50 day moving average is C$52.16 and its two-hundred day moving average is C$47.23. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. The company has a market capitalization of C$11.56 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.35 and a beta of 0.56. Keyera has a one year low of C$40.09 and a one year high of C$55.35.
Keyera (TSE:KEY – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$1.70 billion for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. As a group, analysts expect that Keyera will post 2.2166667 earnings per share 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.