Keyera (TSE:KEY) PT Set at C$41.00 by Royal Bank of Canada

Keyera (TSE:KEY) has been assigned a C$41.00 target price by research analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 9.07% from the company’s current price.

Other analysts have also recently issued reports about the company. Citigroup lifted their price objective on Keyera from C$37.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Wells Fargo & Company lifted their price objective on Keyera from C$34.00 to C$35.00 in a research report on Friday, May 31st. Atb Cap Markets raised Keyera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. BMO Capital Markets lifted their price objective on Keyera from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Finally, National Bankshares lifted their price objective on Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$38.18.

Keyera Stock Up 0.9 %

Shares of TSE:KEY opened at C$37.59 on Tuesday. Keyera has a 1 year low of C$29.32 and a 1 year high of C$37.96. The company has a market cap of C$8.61 billion, a PE ratio of 24.10, a P/E/G ratio of 1.35 and a beta of 2.11. The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57. The stock’s 50-day moving average is C$35.99 and its 200 day moving average is C$34.15.

Keyera (TSE:KEY) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). Keyera had a net margin of 5.26% and a return on equity of 12.77%. The business had revenue of C$1.52 billion for the quarter, compared to analysts’ expectations of C$1.92 billion. Sell-side analysts anticipate that Keyera will post 2.1818182 EPS for the current year.

About Keyera

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.