Keyera (TSE:KEY – Get Free Report) had its target price boosted by equities research analysts at ATB Capital from C$36.00 to C$39.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. ATB Capital’s price target suggests a potential downside of 0.23% from the company’s previous close.
Several other research firms have also weighed in on KEY. Scotiabank upped their price objective on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. BMO Capital Markets increased their price objective on Keyera from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Royal Bank of Canada set a C$41.00 target price on shares of Keyera and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Atb Cap Markets upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. Finally, Citigroup upped their price objective on shares of Keyera from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$38.82.
Check Out Our Latest Stock Analysis on Keyera
Keyera Price Performance
Keyera (TSE:KEY – Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of C$1.92 billion. Sell-side analysts forecast that Keyera will post 2.1818182 earnings per share for the current fiscal year.
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.
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