Keyera (TSE:KEY) PT Raised to C$47.00

Keyera (TSE:KEY) had its target price lifted by equities researchers at Jefferies Financial Group from C$43.00 to C$47.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 10.07% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Citigroup raised their target price on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. National Bankshares raised their target price on Keyera from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. ATB Capital raised their target price on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. BMO Capital Markets raised their target price on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Finally, Scotiabank raised their target price on Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus target price of C$40.91.

Keyera Trading Up 1.3 %

Shares of KEY stock opened at C$42.70 on Monday. The stock has a market cap of C$9.78 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.35 and a beta of 2.09. The stock has a 50-day moving average of C$40.13 and a 200-day moving average of C$37.46. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. Keyera has a 1-year low of C$30.08 and a 1-year high of C$42.96.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, equities research analysts forecast that Keyera will post 2.1985409 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. Corporate insiders own 0.39% of the company’s stock.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.