Keyera (TSE:KEY) Stock Price Expected to Rise, ATB Capital Analyst Says

Keyera (TSE:KEY) had its target price raised by investment analysts at ATB Capital from C$43.00 to C$44.00 in a note issued to investors on Friday,BayStreet.CA reports. ATB Capital’s price objective points to a potential downside of 2.46% from the stock’s current price.

Several other equities research analysts have also recently weighed in on KEY. National Bankshares increased their target price on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday. Jefferies Financial Group increased their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Raymond James set a C$47.00 price objective on shares of Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Royal Bank of Canada raised their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets raised their price target on shares of Keyera from C$41.00 to C$44.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Stock Up 1.4 %

KEY stock opened at C$45.11 on Friday. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a 50-day moving average of C$42.78 and a two-hundred day moving average of C$39.39. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.51. The stock has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

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.