Keyera (TSE:KEY) Rating Increased to Strong-Buy at Raymond James

Keyera (TSE:KEYGet Rating) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Thursday, BayStreet.CA reports. The firm presently has a C$36.50 price target on the stock. Raymond James’ target price points to a potential upside of 12.72% from the company’s previous close. Raymond James also issued estimates for Keyera’s FY2022 earnings at $2.14 EPS and FY2023 earnings at $2.35 EPS.

Several other research firms also recently weighed in on KEY. National Bankshares increased their price target on Keyera from C$37.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Thursday. CSFB increased their price target on Keyera from C$37.00 to C$40.50 in a research note on Monday, April 11th. BMO Capital Markets increased their price target on Keyera from C$31.00 to C$32.00 in a research note on Thursday, February 17th. Tudor Pickering reiterated a “hold” rating and set a C$31.00 price target on shares of Keyera in a research note on Wednesday, February 16th. Finally, Tudor Pickering & Holt set a C$31.00 price objective on Keyera and gave the stock a “hold” rating in a report on Wednesday, February 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$35.77.

Shares of TSE:KEY opened at C$32.38 on Thursday. The company has a debt-to-equity ratio of 139.14, a current ratio of 1.20 and a quick ratio of 0.84. The company has a market capitalization of C$7.16 billion and a PE ratio of 22.07. Keyera has a 1 year low of C$26.34 and a 1 year high of C$35.75. The business has a fifty day moving average price of C$31.72 and a two-hundred day moving average price of C$30.15.

Keyera (TSE:KEYGet Rating) last posted 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 firm had revenue of C$1.74 billion for the quarter. Sell-side analysts anticipate that Keyera will post 2.1400001 earnings per share for the current 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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