On the heels of a tumultuous year for the economy and financial markets, Keyera Corp. (TSE:KEY) has managed to secure an average rating of “Moderate Buy” from the 14 ratings firms presently covering its stock. This news comes as a reassuring sign for investors in the Canadian energy company, which is currently trading on the Toronto Stock Exchange.
According to recent reports from Bloomberg, one research analyst has rated KEY stock with a hold rating while eight others have issued buy ratings on the company. The remaining firms are yet to release their official ratings, but it’s expected that they will also weigh in on the future performance of Keyera Corp.
One positive indicator of the company’s long-term prospects is its average twelve-month price objective among brokerages that have issued reports in the last year. At C$35.08, this target price represents a potential upside of over 22% compared to current trading levels—with gains that could be poised to compound over time.
While investing always comes with risks and uncertainties, it’s encouraging to see such strong support for Keyera Corp.’s stock within the expert community. For Toronto-based investors looking for quality energy stocks with significant growth potential, or who are seeking exposure to Canada’s booming energy sector, KEY is certainly worth considering.
Investors should always conduct thorough due diligence before making any investment decisions, and consider diversifying their portfolios across a variety of industries and sectors. However, given current economic conditions and expert opinions about Keyera Corp.’s future prospects—an investment in this Canadian firm may well pay off in years ahead.
Keyera Corp. Emerges as a Top Energy Infrastructure Investment Option
Keyera: The Energy Infrastructure Company to Watch
Keyera Corp. is a company that engages in the energy infrastructure business in Canada, and if you’re looking for an investment opportunity, you may want to hear about their recent performance. Keyera has been receiving attention from numerous brokerages, like Stifel Firstegy and Barclays, for their steady growth and potential for future gains.
On Thursday, February 9th, Stifel Firstegy reaffirmed a “buy” rating on shares of Keyera, signaling their confidence in the company’s stability and potential for continued success. Following this rating upgrade, CSFB raised their target price on shares of Keyera from C$36.00 to C$39.50 in a report on Wednesday, February 8th, further highlighting the value that can be found with this energy infrastructure giant.
Other brokerages have chimed in as well with National Bankshares reducing its price target on shares from C$35 to C$34 while announcing an “outperform” rating of the stock back in February 16th. Finally, CIBC raised its price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note also released on Thursday, February 16th.
It’s important to pay attention to these ratings because they indicate that Keyera is considered by experts within the industry as a viable company with tremendous potential. Furthermore, current data supports this claim – shares of Keyera opened at CAD 31.56 on April 14th with a market cap of CAD7.23 billion; whereas its twelve-month high was CAD35.48 while its twelve-month low was CAD27.18.
While all this data might seem complex or even confusing at first glance (with calculations like price-to-earnings ratio of 21.32 and beta of 2.17, as well as a quick ratio of 0.57), it is important to keep in mind that these figures speak directly to Keyera’s financial stability, overall performance, and potential for future growth.
As an energy infrastructure company, Keyera operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing segment. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants that collect and processes natural gas, removing waste products while separating the economic components primarily natural gas liquids; it also provides condensate handling services.
In conclusion, with its steady growth in the past few months and expected continuous development in the near future supported by numerous ratings upgrade from reputable brokerage houses – led by Stifel Firstegy – investors should at least consider adding shares of Keyera Corp. to their investment portfolios.
