Keyera Corp Receives Average Rating of “Buy” from Analysts (TSE:KEY)
Keyera Corp (TSE:KEY) has received an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Analyst Ratings News reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$85.67.
A number of research firms have recently commented on KEY. Analysts at CIBC raised their price target on shares of Keyera Corp from C$80.00 to C$90.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital upgraded shares of Keyera Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday. They now have a C$97.00 price target on the stock, up previously from C$79.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Keyera Corp from C$81.00 to C$85.00 in a research note on Friday. They now have a “market perform” rating on the stock.
Keyera Corp (TSE:KEY) opened at 90.64 on Friday. Keyera Corp has a 52 week low of $54.72 and a 52 week high of $91.75. The stock has a 50-day moving average of $80.33 and a 200-day moving average of $72.97. The company has a market cap of $7.204 billion and a price-to-earnings ratio of 39.37.
Keyera Corp (TSE:KEY) last released its earnings data on Friday, August 8th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.22. Analysts expect that Keyera Corp will post $2.89 EPS for the current fiscal year.
The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.215 per share. This represents a dividend yield of 3.32%. The ex-dividend date is Friday, July 18th.
Keyera Corp. operates natural gas midstream businesses in Canada. It operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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