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

Shares of Keyera Corp (TSE:KEY) have been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$40.19.

A number of analysts recently issued reports on the stock. GMP Securities dropped their price target on shares of Keyera from C$34.50 to C$33.50 in a research note on Wednesday, June 12th. Royal Bank of Canada lifted their price target on shares of Keyera from C$39.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. CIBC lifted their price target on shares of Keyera from C$40.00 to C$43.00 in a research note on Thursday, May 16th. Raymond James restated an “outperform” rating and issued a C$40.00 price target on shares of Keyera in a research note on Wednesday, May 15th. Finally, National Bank Financial lifted their price target on shares of Keyera from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th.

Shares of KEY traded down C$1.06 during mid-day trading on Friday, reaching C$32.50. 160,424 shares of the stock traded hands, compared to its average volume of 576,262. The stock has a market cap of $7.13 billion and a price-to-earnings ratio of 20.65. The firm has a fifty day moving average of C$34.08. 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 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 99.09.

Keyera (TSE:KEY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.19). The firm had revenue of C$836.75 million for the quarter, compared to the consensus estimate of C$1.21 billion. As a group, research analysts predict that Keyera will post 1.75 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Friday, July 19th. Keyera’s dividend payout ratio 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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