Brokerages Set Keyera Corp. (TSE:KEY) PT at C$60.93

Shares of Keyera Corp. (TSE:KEY) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$60.93.

KEY has been the subject of a number of research reports. ATB Cormark Capital Markets lifted their target price on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce increased their price target on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Barclays raised their price target on Keyera from C$53.00 to C$56.00 in a report on Wednesday, July 15th. Scotiabank boosted their price objective on Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada upped their price objective on Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th.

Keyera Price Performance

KEY stock opened at C$59.56 on Monday. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. Keyera has a 1 year low of C$40.09 and a 1 year high of C$61.41. The firm has a market cap of C$17.48 billion, a P/E ratio of 75.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The stock has a 50-day simple moving average of C$58.03 and a 200-day simple moving average of C$53.38.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, equities analysts predict that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.6%. Keyera’s dividend payout ratio is presently 270.89%.

Keyera Company Profile

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.