Keyera (KEY) Price Target Increased to C$43.00 by Analysts at CIBC

Keyera (TSE:KEY) had its price target boosted by stock analysts at CIBC from C$40.00 to C$43.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 28.90% from the stock’s previous close.

Several other brokerages have also weighed in on KEY. Raymond James reissued an “outperform” rating and issued a C$39.00 price objective on shares of Keyera in a report on Friday, February 22nd. National Bank Financial lifted their price objective on Keyera from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a report on Wednesday. Cormark decreased their price objective on Keyera from C$45.00 to C$40.00 in a report on Tuesday, February 12th. AltaCorp Capital reissued an “outperform” rating on shares of Keyera in a report on Wednesday, February 13th. Finally, TD Securities lifted their price objective on Keyera from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, February 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Keyera has an average rating of “Buy” and an average target price of C$40.75.

Shares of KEY traded up C$0.14 during trading hours on Thursday, reaching C$33.36. The stock had a trading volume of 561,649 shares, compared to its average volume of 629,682. Keyera has a 12 month low of C$24.05 and a 12 month high of C$38.91. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 85.51. The stock has a market cap of $7.08 billion and a P/E ratio of 17.56.

Keyera (TSE:KEY) last issued its earnings results on Thursday, February 21st. The company reported C$0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.39. The firm had revenue of C$1.22 billion during the quarter, compared to the consensus estimate of C$1.27 billion. On average, analysts expect that Keyera will post 1.78999991296226 EPS for the current year.

About Keyera

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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