CIBC Increases Keyera (TSE:KEY) Price Target to C$37.00

Keyera (TSE:KEYGet Rating) had its target price boosted by research analysts at CIBC from C$36.00 to C$37.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 14.27% from the stock’s current price.

Several other research firms have also recently weighed in on KEY. TD Securities raised their target price on shares of Keyera from C$36.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 30th. Tudor Pickering & Holt set a C$31.00 target price on shares of Keyera and gave the company a “hold” rating in a research note on Wednesday, February 16th. Credit Suisse Group raised their target price on shares of Keyera to C$40.50 and gave the company an “outperform” rating in a research note on Monday, April 11th. Scotiabank raised their target price on shares of Keyera from C$37.00 to C$38.00 in a research note on Tuesday, April 19th. Finally, Raymond James raised their target price on shares of Keyera from C$34.00 to C$36.50 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$35.77.

Shares of KEY opened at C$32.38 on Thursday. The stock has a market capitalization of C$7.16 billion and a P/E ratio of 22.07. Keyera has a twelve month low of C$26.34 and a twelve month high of C$35.75. The company has a 50 day moving average of C$31.72 and a 200-day moving average of C$30.15. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 139.14.

Keyera (TSE:KEYGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported C$0.76 earnings per share for the quarter, topping the consensus estimate of C$0.52 by C$0.24. The business had revenue of C$1.74 billion for the quarter. On average, sell-side analysts anticipate that Keyera will post 2.1400001 earnings per share for the current fiscal year.

Keyera Company Profile (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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