Keyera Corp. (TSE:KEY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• "Moderate Buy" consensus from 11 analysts (3 Hold, 7 Buy, 1 Strong Buy) with an average 12‑month price target of C$52.45; several brokers recently raised targets (Citigroup C$58, TD C$56, Barclays C$48) while others trimmed theirs.
• Dividend: Keyera declared a quarterly dividend of C$0.54 (annualized C$2.16) for a 4.1% yield with ex-dividend on March 16, but the dividend payout ratio is high at 112.17%.
• Shares opened at C$53.33, trading above the 50‑day (C$49.49) and 200‑day (C$45.90) moving averages, with a market cap of C$12.23B and a PE of 28.22; last quarter EPS was C$0.39 on revenue of C$1.70B.

Keyera Corp. (TSE:KEY - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$52.45.

KEY has been the topic of several recent research reports. Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Barclays raised their target price on shares of Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. National Bank Financial cut their target price on shares of Keyera from C$48.00 to C$46.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 20th. BMO Capital Markets reduced their price target on shares of Keyera from C$54.00 to C$51.00 and set an "outperform" rating on the stock in a report on Friday, January 9th. Finally, TD Securities increased their price target on shares of Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a research report on Friday, February 13th.

Keyera Stock Performance

Shares of KEY stock opened at C$53.33 on Tuesday. The stock has a fifty day moving average price of C$49.49 and a 200 day moving average price of C$45.90. The stock has a market cap of C$12.23 billion, a PE ratio of 28.22, a P/E/G ratio of 1.35 and a beta of 0.70. Keyera has a 1 year low of C$37.80 and a 1 year high of C$54.60. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76.

Keyera (TSE:KEY - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The company had revenue of C$1.70 billion for the quarter. Sell-side analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.1%. 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.

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