Raymond James Analysts Give Keyera (TSE:KEY) a C$47.00 Price Target

Raymond James set a C$47.00 target price on Keyera (TSE:KEY) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Keyera’s FY2025 earnings at $2.31 EPS, FY2026 earnings at $2.48 EPS and FY2028 earnings at $3.09 EPS.

A number of other brokerages have also recently commented on KEY. National Bankshares boosted their target price on shares of Keyera from C$36.00 to C$38.00 and gave the company a sector perform rating in a report on Friday, August 23rd. Royal Bank of Canada upped their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an outperform rating in a report on Thursday, October 3rd. BMO Capital Markets lifted their target price on shares of Keyera from C$40.00 to C$41.00 and gave the company a hold rating in a report on Thursday, September 5th. CIBC upped their price target on Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Finally, Jefferies Financial Group raised their price objective on Keyera from C$43.00 to C$47.00 and gave the company a buy rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$41.50.

Keyera Stock Performance

Shares of KEY opened at C$43.94 on Friday. The company has a 50-day simple moving average of C$40.93 and a two-hundred day simple moving average of C$38.02. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The firm has a market capitalization of C$10.07 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a one year low of C$31.16 and a one year high of C$44.56.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, beating analysts’ consensus estimates of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.73%. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Buying and Selling at Keyera

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total transaction of C$74,953.79. Company insiders own 0.39% of the company’s stock.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.