Keyera Corp. (TSE:KEY – Get Rating) has received a consensus rating of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$35.28.
A number of research firms recently weighed in on KEY. Canaccord Genuity Group raised their target price on shares of Keyera from C$34.00 to C$35.00 in a report on Thursday, February 3rd. CIBC raised their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Credit Suisse Group raised their target price on shares of Keyera to C$40.50 and gave the company an “outperform” rating in a report on Monday, April 11th. BMO Capital Markets raised their target price on shares of Keyera from C$31.00 to C$32.00 in a report on Thursday, February 17th. Finally, Scotiabank lifted their price objective on shares of Keyera from C$37.00 to C$38.00 in a research note on Tuesday, April 19th.
Keyera stock opened at C$32.26 on Friday. The stock has a market cap of C$7.13 billion and a P/E ratio of 21.99. The company has a debt-to-equity ratio of 139.14, a current ratio of 1.20 and a quick ratio of 0.84. Keyera has a 1 year low of C$26.34 and a 1 year high of C$35.75. The firm’s 50 day moving average price is C$31.17 and its 200-day moving average price is C$30.17.
The business also recently announced a monthly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 16th 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 5.95%. The ex-dividend date of this dividend is Friday, April 22nd. Keyera’s dividend payout ratio is currently 119.97%.
Keyera Company Profile (Get Rating)
Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The 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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