Scotiabank Increases Keyera (TSE:KEY) Price Target to C$42.00

Keyera (TSE:KEY) had its target price upped by Scotiabank from C$40.00 to C$42.00 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. Citigroup increased their price objective on Keyera from C$37.00 to C$40.00 and gave the stock a buy rating in a research report on Thursday, May 16th. ATB Capital upped their target price on Keyera from C$34.00 to C$36.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Royal Bank of Canada set a C$41.00 price target on Keyera and gave the company an outperform rating in a research report on Tuesday, June 25th. National Bankshares increased their price target on shares of Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Finally, BMO Capital Markets raised their price target on shares of Keyera from C$36.00 to C$38.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$38.55.

Keyera Price Performance

Keyera stock opened at C$38.07 on Monday. The business has a 50 day simple moving average of C$36.85 and a 200-day simple moving average of C$34.77. Keyera has a 12 month low of C$30.08 and a 12 month high of C$38.39. The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57. The stock has a market capitalization of C$8.72 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.35 and a beta of 2.11.

Keyera (TSE:KEY) last released its earnings results on Tuesday, May 14th. The company reported C$0.31 EPS for the quarter, missing the consensus estimate of C$0.52 by C($0.21). The firm had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%. Equities analysts predict that Keyera will post 2.1818182 earnings per share for the current year.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, June 14th. Keyera’s dividend payout ratio is currently 128.21%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.