Keyera (TSE:KEY) Price Target Raised to C$43.00

Keyera (TSE:KEY) had its target price upped by Jefferies Financial Group from C$39.00 to C$43.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on KEY. Atb Cap Markets upgraded shares of Keyera from a hold rating to a strong-buy rating in a report on Wednesday, May 15th. BMO Capital Markets increased their target price on shares of Keyera from C$36.00 to C$38.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Citigroup boosted their target price on Keyera from C$37.00 to C$40.00 and gave the stock a buy rating in a research note on Thursday, May 16th. TD Securities boosted their price objective on Keyera from C$38.00 to C$39.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. Finally, ATB Capital lifted their target price on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$39.18.

Keyera Price Performance

KEY stock opened at C$38.95 on Monday. Keyera has a 1 year low of C$30.08 and a 1 year high of C$39.36. The stock has a market capitalization of C$8.93 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.35 and a beta of 2.11. The company’s 50-day moving average is C$37.25 and its 200-day moving average is C$35.19. The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57.

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

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Friday, June 14th. Keyera’s dividend payout ratio (DPR) 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.