Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$53.55

Keyera Corp. (TSE:KEY) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$53.55.

KEY has been the topic of several research analyst reports. Raymond James Financial boosted their price target on Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. Citigroup lifted their price objective on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. National Bank Financial cut their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. Barclays lifted their price objective on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Finally, TD Securities lifted their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th.

Keyera Price Performance

Shares of TSE:KEY opened at C$49.72 on Friday. The business’s 50 day simple moving average is C$52.33 and its 200-day simple moving average is C$46.89. The firm has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. Keyera has a 12 month low of C$40.09 and a 12 month high of C$55.35.

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

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, March 16th. Keyera’s payout ratio is currently 112.17%.

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.