Analysts Set Keyera Corp. (TSE:KEY) PT at C$45.92

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$46.91.

KEY has been the topic of a number of analyst reports. National Bankshares lifted their target price on shares of Keyera from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, May 22nd. Scotiabank lifted their target price on shares of Keyera from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. TD Securities lifted their target price on shares of Keyera from C$45.00 to C$47.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, CIBC lowered their target price on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th.

Keyera Trading Down 1.5%

Shares of KEY stock opened at C$42.02 on Wednesday. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 1 year low of C$35.33 and a 1 year high of C$47.90. The firm has a fifty day moving average price of C$42.54 and a 200-day moving average price of C$43.06. The company has a market cap of C$9.68 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, March 17th. Keyera’s payout ratio is currently 107.20%.

About Keyera

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.