Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$51.36

Shares of Keyera Corp. (TSE:KEY) have received an average rating of “Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$51.36.

Several equities research analysts have recently weighed in on KEY shares. Citigroup upped their target price on shares of Keyera from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Wells Fargo & Company upped their target price on shares of Keyera from C$46.00 to C$47.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 13th. Tudor Pickering raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Finally, CIBC upped their target price on shares of Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th.

Keyera Stock Down 0.8%

KEY opened at C$42.49 on Friday. The firm’s 50-day simple moving average is C$44.84 and its 200-day simple moving average is C$43.55. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a twelve month low of C$37.80 and a twelve month high of C$47.90. The firm has a market cap of C$9.74 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.35 and a beta of 0.56.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.52. Keyera’s payout ratio is currently 90.04%.

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.