Royal Bank of Canada Boosts Keyera (KEY) Price Target to C$41.00

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Keyera (TSE:KEY) had its target price boosted by Royal Bank of Canada from C$39.00 to C$41.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. CIBC increased their target price on shares of Keyera from C$40.00 to C$43.00 in a research report on Thursday. Raymond James reissued an outperform rating and set a C$40.00 target price on shares of Keyera in a research report on Wednesday. National Bank Financial increased their target price on shares of Keyera from C$42.00 to C$44.00 and gave the stock an outperform rating in a research report on Wednesday. TD Securities increased their target price on shares of Keyera from C$43.00 to C$44.00 and gave the stock a buy rating in a research report on Monday, February 25th. Finally, AltaCorp Capital reissued an outperform rating on shares of Keyera in a research report on Wednesday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$40.75.

Keyera stock traded up C$0.91 during mid-day trading on Thursday, hitting C$34.37. 594,127 shares of the company’s stock were exchanged, compared to its average volume of 634,311. The company has a debt-to-equity ratio of 85.51, a current ratio of 1.00 and a quick ratio of 0.57. The company has a market capitalization of $7.08 billion and a price-to-earnings ratio of 17.91. Keyera has a 1-year low of C$24.05 and a 1-year high of C$38.91.

Keyera (TSE:KEY) last posted its earnings results on Thursday, February 21st. The company reported C$0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.40 by C$0.39. The business had revenue of C$1.22 billion for the quarter, compared to analyst estimates of C$1.27 billion. As a group, sell-side analysts anticipate that Keyera will post 1.78999991296226 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Wednesday, May 22nd. Keyera’s dividend payout ratio (DPR) is 91.05%.

Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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