Keyera (TSE:KEY) Given New C$66.00 Price Target at Raymond James Financial

Keyera (TSE:KEY) had its price target raised by Raymond James Financial from C$63.00 to C$66.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on KEY. National Bank Financial cut their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Barclays lifted their target price on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Citigroup lifted their price target on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. TD Securities upped their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, BMO Capital Markets cut their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$53.09.

Keyera Price Performance

TSE:KEY opened at C$54.18 on Monday. Keyera has a one year low of C$37.80 and a one year high of C$55.35. The stock has a market cap of C$12.42 billion, a P/E ratio of 28.67, a PEG ratio of 1.35 and a beta of 0.70. The company has a fifty day moving average price of C$50.51 and a 200 day moving average price of C$46.23. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$1.70 billion for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. Analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, March 16th. Keyera’s dividend payout ratio is 112.17%.

Keyera Company Profile

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.