Keyera Corp. (TSE:KEY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Keyera received a “Moderate Buy” consensus rating from 13 analysts, with 11 buy ratings and two holds. The average 12-month price target is C$62.69, above its reported opening price of C$59.54.
• Recent analyst actions were broadly positive, including target increases from BMO Capital Markets and RBC, while TD and Jefferies maintained buy ratings; price targets range up to C$68.00.
• Keyera reported quarterly revenue of C$2.40 billion and EPS of C$1.19, and pays a quarterly dividend of C$0.54, equivalent to an annualized yield of about 3.6%.

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$62.69.

A number of research firms recently issued reports on KEY. BMO Capital Markets lifted their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. TD set a C$68.00 target price on Keyera and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Raymond James Financial cut their price target on Keyera from C$66.00 to C$65.00 and set an "outperform" rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group set a C$65.00 price target on Keyera and gave the company a "buy" rating in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada boosted their price target on Keyera from C$62.00 to C$66.00 and gave the company an "outperform" rating in a research note on Monday, August 10th.

Keyera Stock Up 1.1%

KEY stock opened at C$59.54 on Friday. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The company has a market cap of C$17.47 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.35 and a beta of 0.48. The company has a 50 day moving average of C$58.31 and a two-hundred day moving average of C$54.84.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The business had revenue of C$2.40 billion for the quarter. On average, equities analysts anticipate that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. Keyera's payout ratio is 141.18%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source