Keyera (TSE:KEY) Price Target Raised to C$48.00

Keyera (TSE:KEY) had its price target lifted by Raymond James from C$47.00 to C$48.00 in a research note published on Wednesday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Keyera’s FY2025 earnings at $2.16 EPS, FY2026 earnings at $2.43 EPS, FY2027 earnings at $2.62 EPS and FY2028 earnings at $3.10 EPS.

Several other analysts also recently commented on the stock. Citigroup raised their price objective on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. BMO Capital Markets increased their target price on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. National Bankshares increased their target price on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Scotiabank increased their target price on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$43.62.

Keyera Stock Performance

Shares of KEY stock opened at C$43.42 on Wednesday. The company has a market cap of C$9.95 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm has a 50 day moving average of C$44.41 and a 200-day moving average of C$40.73.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Buying and Selling at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

Keyera Company Profile

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.