Analysts Set Keyera Corp. (TSE:KEY) Target Price at C$52.45

Keyera Corp. (TSE:KEY) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$52.45.

A number of brokerages have recently commented on KEY. BMO Capital Markets dropped their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. TD Securities lifted their price target on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Citigroup upped their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Barclays raised their target price on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Finally, National Bank Financial lowered their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th.

Keyera Stock Down 0.5%

KEY stock opened at C$52.37 on Friday. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$53.97. The company has a market capitalization of C$12.01 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The business’s 50 day moving average price is C$46.69 and its two-hundred day moving average price is C$45.04. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The company had revenue of C$1.70 billion during the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. As a group, analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s payout ratio is 112.17%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.