Keyera (TSE:KEY) Price Target Increased to C$46.00 by Analysts at Citigroup

Keyera (TSE:KEY) had its target price hoisted by research analysts at Citigroup from C$40.00 to C$46.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 9.03% from the company’s previous close.

A number of other brokerages have also issued reports on KEY. National Bankshares upped their target price on Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. BMO Capital Markets upped their target price on Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. ATB Capital upped their target price on Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Jefferies Financial Group upped their target price on Keyera from C$39.00 to C$43.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada upped their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$40.55.

Keyera Stock Performance

Keyera stock opened at C$42.19 on Monday. The stock’s 50 day moving average price is C$39.72 and its 200 day moving average price is C$37.18. The firm has a market capitalization of C$9.67 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a one year low of C$30.08 and a one year high of C$42.24.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The firm had revenue of C$1.72 billion for the quarter. As a group, sell-side analysts expect that Keyera will post 2.1977492 EPS for the current fiscal year.

Insiders Place Their Bets

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the stock in a transaction 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. 0.39% of the stock is owned by corporate insiders.

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.