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

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

A number of other analysts have also commented on KEY. Tudor Pickering restated a buy rating and set a C$34.00 price target on shares of Keyera in a research note on Wednesday, November 24th. TD Securities decreased 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. 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 research note on Thursday, November 4th. Tudor Pickering & Holt set a C$34.00 target price on shares of Keyera and gave the stock a buy rating in a research note on Wednesday, November 24th. Finally, Raymond James set a C$33.00 target price on shares of Keyera and gave the stock an outperform rating in a research note on Thursday, November 4th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Keyera presently has a consensus rating of Buy and an average target price of C$34.19.

Shares of KEY stock opened at C$28.58 on Tuesday. The firm has a market capitalization of C$6.32 billion and a PE ratio of 39.64. The firm has a fifty day simple moving average of C$28.81 and a two-hundred day simple moving average of C$30.84. 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 has a 12 month low of C$23.59 and a 12 month high of C$35.75.

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

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 15th. Investors of record on Tuesday, February 15th will be issued a $0.16 dividend. 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 (DPR) is currently 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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