Keyera’s (KEY) Outperform Rating Reaffirmed at Raymond James

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Raymond James reissued their outperform rating on shares of Keyera (TSE:KEY) in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a C$40.00 price target on the stock.

Several other research firms have also recently commented on KEY. National Bank Financial increased their target price on Keyera from C$42.00 to C$44.00 and gave the company an outperform rating in a research note on Wednesday. TD Securities increased their target price on Keyera from C$43.00 to C$44.00 and gave the company a buy rating in a research note on Monday, February 25th. CIBC increased their target price on Keyera from C$39.00 to C$40.00 in a research note on Wednesday, April 24th. AltaCorp Capital reiterated an outperform rating on shares of Keyera in a research note on Wednesday, February 13th. Finally, Cormark reduced their target price on Keyera from C$45.00 to C$40.00 in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$40.75.

Keyera stock opened at C$33.99 on Wednesday. The company has a market cap of $7.08 billion and a PE ratio of 17.89. The company has a debt-to-equity ratio of 85.51, a current ratio of 1.00 and a quick ratio of 0.57. Keyera has a 52 week low of C$24.05 and a 52 week high of C$38.91.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 21st. The company reported C$0.79 EPS for the quarter, beating 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 analysts’ expectations of C$1.27 billion. As a group, analysts forecast 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. Investors of record on Monday, June 17th will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Wednesday, May 22nd. Keyera’s dividend payout ratio is currently 91.05%.

About Keyera

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.

Further Reading: Strangles

Analyst Recommendations for Keyera (TSE:KEY)

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