National Bank Financial Raises Keyera (KEY) Price Target to C$44.00

Keyera (TSE:KEY) had its target price raised by National Bank Financial from C$42.00 to C$44.00 in a research report report published on Wednesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on KEY. CIBC raised their price objective on shares of Keyera from C$39.00 to C$40.00 in a report on Wednesday, April 24th. TD Securities raised their price objective on shares of Keyera from C$43.00 to C$44.00 and gave the stock a buy rating in a report on Monday, February 25th. Raymond James reissued an outperform rating and set a C$39.00 price objective on shares of Keyera in a report on Friday, February 22nd. Cormark cut their price objective on shares of Keyera from C$45.00 to C$40.00 in a report on Tuesday, February 12th. Finally, AltaCorp Capital reissued an outperform rating on shares of Keyera in a report on Wednesday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$40.75.

KEY stock opened at C$33.99 on Wednesday. The company has a debt-to-equity ratio of 85.51, a quick ratio of 0.57 and a current ratio of 1.00. Keyera has a twelve month low of C$24.05 and a twelve month high of C$38.91. The company has a market cap of $7.08 billion and a price-to-earnings ratio of 17.89.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, February 21st. The company reported C$0.79 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.39. The company had revenue of C$1.22 billion for the quarter, compared to analyst estimates of C$1.27 billion. As a group, analysts predict that Keyera will post 1.78999991296226 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.30%. Keyera’s payout ratio is 91.05%.

Keyera Company Profile

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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