Brokerages Set Keyera Corp (TSE:KEY) Target Price at C$40.19

Keyera Corp (TSE:KEY) has received an average rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$40.19.

A number of research analysts have issued reports on the stock. CIBC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Information Services Group in a report on Thursday, May 16th. Royal Bank of Canada raised their price target on shares of Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. GMP Securities decreased their price target on shares of Keyera from C$34.50 to C$33.50 in a report on Wednesday, June 12th. Raymond James reaffirmed a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. Finally, National Bank Financial upgraded shares of WSP Global from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$75.00 to C$79.00 in a research note on Wednesday, May 15th.

KEY stock traded up C$0.29 during mid-day trading on Tuesday, reaching C$35.65. The company had a trading volume of 548,146 shares, compared to its average volume of 592,682. The company has a debt-to-equity ratio of 99.09, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $7.50 billion and a P/E ratio of 21.94. The business has a 50 day moving average of C$33.33. Keyera has a 12 month low of C$24.05 and a 12 month high of C$38.91.

Keyera (TSE:KEY) last issued its earnings results on Tuesday, May 14th. The company reported C$0.16 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.35 by C($0.19). The business had revenue of C$836.75 million for the quarter, compared to analyst estimates of C$1.21 billion. Equities analysts anticipate that Keyera will post 1.7500001 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Friday, July 19th. Keyera’s dividend payout ratio (DPR) is presently 108.31%.

About Keyera

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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