Keyera (TSE:KEY) Raised to Strong-Buy at TD Securities

Keyera (TSE:KEY) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage currently has a C$51.00 price objective on the stock, up from their previous price objective of C$47.00. TD Securities’ price objective would suggest a potential upside of 15.80% from the company’s current price.

Several other equities analysts also recently commented on KEY. National Bankshares increased their target price on shares of Keyera from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 22nd. BMO Capital Markets raised Keyera from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from C$45.50 to C$54.00 in a report on Wednesday, June 18th. CIBC cut their price objective on Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Scotiabank boosted their target price on Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Raymond James Financial increased their price target on Keyera from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$51.18.

Keyera Stock Performance

Shares of KEY opened at C$44.04 on Friday. The firm has a market cap of C$10.14 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company’s fifty day moving average is C$42.62 and its 200-day moving average is C$42.66. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 12 month low of C$35.35 and a 12 month high of C$47.90.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.