Keyera Corp (KEY) Receives C$40.20 Consensus Target Price from Analysts

Shares of Keyera Corp (TSE:KEY) have been assigned an average rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$40.20.

KEY has been the topic of several analyst reports. National Bank Financial upped their price target on shares of Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. TD Securities raised their price objective on shares of Keyera from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, February 25th. Raymond James restated an “outperform” rating and set a C$39.00 price objective on shares of Keyera in a research report on Friday, February 22nd. CIBC cut their price objective on shares of Keyera from C$45.00 to C$42.00 in a research report on Wednesday, December 19th. Finally, Cormark cut their price objective on shares of Keyera from C$45.00 to C$40.00 in a research report on Tuesday, February 12th.

KEY stock traded down C$0.10 on Friday, hitting C$31.25. The company had a trading volume of 326,557 shares, compared to its average volume of 661,178. Keyera has a 12-month low of C$24.05 and a 12-month high of C$38.91. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 85.51. The stock has a market capitalization of $6.60 billion and a P/E ratio of 16.45.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, February 21st. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.39. The company had revenue of C$1.22 billion during the quarter, compared to the consensus estimate of C$1.27 billion. As a group, equities analysts predict that Keyera will post 1.8100000235214 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.80 dividend on an annualized basis and a yield of 5.76%. Keyera’s dividend payout ratio is currently 91.05%.

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 Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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