Keyera Corp. (TSE:KEY) Receives C$34.63 Average Target Price from Analysts

Shares of Keyera Corp. (TSE:KEY) have received a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the firm, reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$34.63.

Several analysts have recently commented on KEY shares. Tudor Pickering & Holt set a C$34.00 price target on shares of Keyera and gave the company a “buy” rating in a research report on Thursday, October 7th. CSFB downgraded shares of Keyera from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$34.00 to C$36.00 in a research note on Thursday, June 17th. Raymond James restated an “outperform” rating and issued a C$33.50 price target on shares of Keyera in a research note on Wednesday, September 8th. National Bankshares boosted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Finally, Royal Bank of Canada boosted their price target on shares of Keyera from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th.

Keyera stock traded up C$0.59 during midday trading on Monday, reaching C$32.49. The company had a trading volume of 266,764 shares, compared to its average volume of 866,286. The company has a market capitalization of C$7.18 billion and a P/E ratio of 57.79. Keyera has a 12-month low of C$18.04 and a 12-month high of C$35.75. The firm’s fifty day simple moving average is C$31.36 and its 200-day simple moving average is C$30.82. The company has a debt-to-equity ratio of 128.38, a current ratio of 1.24 and a quick ratio of 0.84.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 5th. The company reported C$0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.42 by C($0.10). The company had revenue of C$1.03 billion for the quarter. On average, analysts expect that Keyera will post 1.9600001 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, October 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.91%. Keyera’s payout ratio is 347.83%.

In other news, Director James Vance Bertram sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of C$30.55, for a total transaction of C$152,750.00. Following the transaction, the director now directly owns 714,400 shares in the company, valued at C$21,824,920.

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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