Keyera (TSE:KEY) had its price target lowered by equities researchers at Royal Bank of Canada from C$45.00 to C$39.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 32.07% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets downgraded shares of Keyera from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$43.00 to C$36.00 in a research note on Wednesday. Raymond James raised their price target on shares of Keyera from C$42.00 to C$43.00 in a research note on Friday, October 5th. GMP Securities reduced their price target on shares of Keyera from C$40.00 to C$38.00 in a research note on Thursday. National Bank Financial reduced their price target on shares of Keyera from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, CIBC reduced their price target on shares of Keyera from C$46.00 to C$45.00 in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$41.55.
Shares of Keyera stock opened at C$29.53 on Thursday. The company has a debt-to-equity ratio of 85.63, a current ratio of 1.16 and a quick ratio of 0.84. Keyera has a 12-month low of C$29.35 and a 12-month high of C$38.91.
Keyera (TSE:KEY) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The firm had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$972.50 million. Equities research analysts forecast that Keyera will post 1.75999988891519 earnings per share for the current year.
In related news, insider Michael Andrew Freeman sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of C$37.23, for a total value of C$119,136.00.
Keyera Company Profile
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 Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.
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