Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$60.64

Keyera Corp. (TSE:KEY) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$60.64.

Several brokerages have recently issued reports on KEY. BMO Capital Markets lifted their price target on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce upped their price objective on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Barclays raised their price objective on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Raymond James Financial lowered their target price on Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Finally, Scotia increased their target price on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th.

Keyera Stock Performance

Shares of Keyera stock opened at C$59.12 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10. The company has a market cap of C$17.35 billion, a PE ratio of 74.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The company has a 50 day moving average of C$56.21 and a 200-day moving average of C$51.54. Keyera has a 1-year low of C$40.09 and a 1-year high of C$59.99.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion during the quarter. As a group, equities research analysts forecast 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 given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Keyera’s dividend payout ratio is currently 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.