Keyera Corp. (TSE:KEY) Stock Has Average Target Price of C$73.00

Key Points

• Analyst sentiment is moderately bullish: Fourteen analysts rate Keyera “Moderate Buy,” including ten buy ratings and four holds. The average 12-month price target is C$73.00 versus a recent share price of C$54.51.
• Keyera reported quarterly EPS of C$1.19 on revenue of C$2.40 billion, with a 5.02% net margin and 10.81% return on equity.
• The company raised its quarterly dividend to $0.5625 per share, representing an annualized payout of $2.25 and a 4.1% yield. Director Taylor Timothy Kitchen also purchased 500 shares, increasing his position by 7.14%.

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$73.00.

Several analysts have recently issued reports on KEY shares. BMO Capital Markets dropped their target price on shares of Keyera from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a research report on Friday, September 4th. Scotiabank upped their price target on shares of Keyera from C$65.00 to C$66.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 21st. Scotia raised their price target on shares of Keyera from C$88.00 to C$92.00 and gave the company a "sector perform" rating in a research note on Friday, September 4th. Canadian Imperial Bank of Commerce lifted their price objective on Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. Finally, TD cut their price objective on Keyera from C$70.00 to C$67.00 and set a "buy" rating for the company in a research note on Friday, September 4th.

Keyera Trading Up 0.9%

Shares of KEY stock opened at C$54.51 on Friday. Keyera has a 1-year low of C$40.09 and a 1-year high of C$61.41. The company has a market cap of C$16.00 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.35 and a beta of 0.59. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The stock has a 50 day simple moving average of C$56.20 and a 200-day simple moving average of C$55.80.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The firm had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, equities research analysts expect that Keyera will post 2.22 EPS for the current fiscal year.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.5625 per share. The ex-dividend date was Tuesday, September 15th. This is a positive change from Keyera's previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a dividend yield of 4.1%. Keyera's dividend payout ratio (DPR) is presently 141.18%.

Insider Buying and Selling

In other news, Director Taylor Timothy Kitchen acquired 500 shares of the firm's stock in a transaction on Friday, September 4th. The shares were bought at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the acquisition, the director owned 7,500 shares of the company's stock, valued at approximately C$418,050. This trade represents a 7.14% increase in their position. Corporate insiders own 0.39% of the company's stock.

About Keyera

Keyera Corp. TSX: KEY operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.