Raymond James Financial Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its target price boosted by stock analysts at Raymond James Financial from C$63.00 to C$66.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 22.65% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Barclays increased their price objective on shares of Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. TD Securities lifted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Citigroup upped their target price 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. 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. Finally, BMO Capital Markets reduced their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$53.09.

Keyera Stock Performance

Shares of TSE:KEY opened at C$53.81 on Monday. The stock has a market capitalization of C$12.34 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.35 and a beta of 0.70. Keyera has a 1-year low of C$37.80 and a 1-year high of C$55.35. 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 business has a 50-day moving average price of C$50.71 and a two-hundred day moving average price of C$46.30.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion for the quarter. Equities analysts predict 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.