Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$36.12

Shares of Keyera Corp. (TSE:KEYGet Rating) have received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$36.12.

A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Keyera from C$37.00 to C$38.00 in a research report on Tuesday, April 19th. Raymond James raised shares of Keyera from an “outperform” rating to a “strong-buy” rating and set a C$36.50 target price for the company in a research report on Thursday, May 12th. CIBC boosted their target price on shares of Keyera from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, May 12th. Credit Suisse Group upped their price objective on shares of Keyera to C$40.50 and gave the company an “outperform” rating in a research report on Monday, April 11th. Finally, CSFB upped their price objective on shares of Keyera from C$37.00 to C$40.50 in a research report on Monday, April 11th.

Keyera stock opened at C$29.37 on Friday. The firm has a market cap of C$6.49 billion and a price-to-earnings ratio of 18.47. The company has a debt-to-equity ratio of 144.81, a current ratio of 1.19 and a quick ratio of 0.95. Keyera has a fifty-two week low of C$26.34 and a fifty-two week high of C$35.48. The firm has a fifty day moving average price of C$32.87 and a two-hundred day moving average price of C$30.78.

Keyera (TSE:KEYGet Rating) last released its earnings results on Tuesday, May 10th. The company reported C$0.51 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.03. The firm had revenue of C$1.69 billion for the quarter. As a group, sell-side analysts expect that Keyera will post 1.9 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 22nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $1.92 dividend on an annualized basis and a yield of 6.54%. Keyera’s payout ratio is currently 110.69%.

Keyera Company Profile (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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Analyst Recommendations for Keyera (TSE:KEY)

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