TD Securities Lowers Keyera (TSE:KEY) Price Target to C$52.00

Keyera (TSE:KEY) had its price target decreased by equities researchers at TD Securities from C$54.00 to C$52.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 18.88% from the company’s current price.

KEY has been the topic of a number of other research reports. Barclays decreased their target price on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. National Bankshares reduced their price objective 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. CIBC lifted their price objective on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets lowered their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$51.00.

Keyera Stock Performance

TSE:KEY opened at C$43.74 on Tuesday. The company has a market capitalization of C$10.03 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.35 and a beta of 0.53. The business has a 50 day moving average of C$43.86 and a 200 day moving average of C$43.86. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 1-year low of C$37.80 and a 1-year high of C$47.12.

Keyera (TSE:KEY) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The business had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. On average, sell-side analysts predict that Keyera will post 2.2166667 earnings per share 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.