Keyera (TSE:KEY) Given New C$33.00 Price Target at BMO Capital Markets

Keyera (TSE:KEY) had its price objective upped by BMO Capital Markets from C$32.00 to C$33.00 in a research report issued to clients and investors on Monday, Price Targets.com reports. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 1.69% from the stock’s current price.

A number of other equities analysts also recently weighed in on KEY. TD Securities boosted their price target on shares of Keyera from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Tuesday, July 6th. CSFB cut shares of Keyera from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$34.00 to C$36.00 in a research note on Thursday, June 17th. National Bankshares boosted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Industrial Alliance Securities reiterated a “buy” rating and issued a C$33.00 target price on shares of Keyera in a research note on Monday, May 31st. Finally, Scotiabank boosted their target price on shares of Keyera from C$32.00 to C$37.00 in a research note on Thursday, July 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keyera presently has an average rating of “Buy” and a consensus target price of C$33.91.

KEY stock traded up C$0.38 during trading on Monday, reaching C$32.45. The stock had a trading volume of 299,087 shares, compared to its average volume of 878,943. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 128.38. The company has a market capitalization of C$7.17 billion and a price-to-earnings ratio of 58.17. Keyera has a one year low of C$18.04 and a one year high of C$35.75. The company’s 50 day moving average is C$31.59 and its two-hundred day moving average is C$30.26.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 5th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.42 by C($0.10). The firm had revenue of C$1.03 billion during the quarter. As a group, research analysts predict that Keyera will post 1.9700001 earnings per share for the current fiscal year.

In other Keyera news, Director James Vance Bertram sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 24th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,350,000.00. Following the transaction, the director now owns 669,400 shares in the company, valued at approximately C$20,082,000.

Keyera Company Profile

Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company's 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 condensate handling services.

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Analyst Recommendations for Keyera (TSE:KEY)

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