Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$42.58

Keyera Corp. (TSE:KEY) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently 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 issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$42.58.

A number of research analysts recently commented on KEY shares. Royal Bank of Canada increased their price target on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets increased their price target on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. National Bankshares increased their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. ATB Capital increased their price target on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group increased their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th.

Keyera Price Performance

Shares of TSE KEY opened at C$45.30 on Wednesday. Keyera has a 1-year low of C$31.16 and a 1-year high of C$47.90. The business has a 50-day moving average of C$44.13 and a 200-day moving average of C$40.39. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a market capitalization of C$10.38 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.