Keyera (TSE:KEY) Stock Price Expected to Rise, CIBC Analyst Says

Keyera (TSE:KEY - Free Report) had its price objective hoisted by CIBC from C$47.00 to C$56.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

KEY has been the topic of a number of other research reports. National Bankshares set a C$45.00 price objective on Keyera and gave the stock a "sector perform" rating in a research note on Friday, June 20th. Scotiabank increased their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. TD Securities upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from C$47.00 to C$51.00 in a report on Friday, June 20th. Royal Bank Of Canada upped their target price on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Raymond James Financial increased their price target on shares of Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Keyera currently has a consensus rating of "Buy" and an average target price of C$51.18.

Keyera Price Performance

Shares of KEY stock traded up C$0.05 during trading hours on Monday, hitting C$43.98. The stock had a trading volume of 836,504 shares, compared to its average volume of 1,337,385. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The stock has a market capitalization of C$10.13 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a one year low of C$35.35 and a one year high of C$47.90. The stock's 50-day moving average price is C$42.75 and its two-hundred day moving average price is C$42.67.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.73%. Keyera's dividend payout ratio (DPR) is presently 107.20%.

About Keyera

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.