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

Keyera Corp. (TSE:KEY) has received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$73.00.

Several equities research analysts recently commented on KEY shares. TD cut their price target on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, September 4th. BMO Capital Markets reduced their price objective on shares of Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Royal Bank Of Canada increased their price objective on shares of Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Desjardins lifted their target price on shares of Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Citigroup lifted their target price on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research report on Friday, September 4th.

Insider Transactions at Keyera

In other news, Director Taylor Timothy Kitchen acquired 500 shares of the business’s stock in a transaction on Friday, September 4th. The stock was bought at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the purchase, the director owned 7,500 shares in the company, valued at approximately C$418,050. This represents a 7.14% increase in their ownership of the stock. Insiders own 0.39% of the company’s stock.

Keyera Stock Up 0.3%

Shares of KEY opened at C$51.26 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41. The stock’s 50 day moving average is C$54.18 and its two-hundred day moving average is C$54.54. The firm has a market cap of C$15.04 billion, a P/E ratio of 33.50, a PEG ratio of 1.35 and a beta of 0.67.

Keyera (TSE:KEY) last posted its quarterly earnings data on Tuesday, November 10th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$2.44 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. Analysts predict that Keyera will post 2.22 earnings per share for the current fiscal year.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.54. Keyera’s payout ratio is presently 141.18%.

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.