Keyera (TSE:KEY) Price Target Raised to C$34.00

Keyera (TSE:KEY) had its price target lifted by CIBC from C$33.00 to C$34.00 in a research report released on Tuesday, BayStreet.CA reports.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Keyera from C$36.00 to C$34.00 and set an outperform rating for the company in a report on Thursday, November 4th. Tudor Pickering restated a buy rating and set a C$34.00 target price on shares of Keyera in a report on Wednesday, November 24th. BMO Capital Markets reiterated a market perform rating on shares of Keyera in a research note on Tuesday, September 21st. Raymond James set a C$33.00 price target on shares of Keyera and gave the company an outperform rating in a research note on Thursday, November 4th. Finally, TD Securities cut their price target on shares of Keyera from C$37.00 to C$36.00 and set a buy rating for the company in a research note on Thursday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of C$34.19.

Shares of KEY opened at C$28.58 on Tuesday. Keyera has a 12 month low of C$23.59 and a 12 month high of C$35.75. The firm has a fifty day simple moving average of C$28.81 and a 200 day simple moving average of C$30.84. The stock has a market capitalization of C$6.32 billion and a price-to-earnings ratio of 39.64. The company has a current ratio of 1.14, a quick ratio of 0.76 and a debt-to-equity ratio of 132.45.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, November 3rd. The company reported C$0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.40 by C($0.05). The company had revenue of C$1.20 billion for the quarter. As a group, research analysts predict that Keyera will post 1.71 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Tuesday, February 15th will be paid a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Friday, January 21st. Keyera’s dividend payout ratio is presently 244.11%.

Keyera Company Profile

Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company's 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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