Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$44.69

Keyera Corp. (TSE:KEY) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$44.69.

A number of brokerages have commented on KEY. Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. TD Securities set a C$45.00 target price on shares of Keyera and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, CIBC reduced their price target on Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a report on Thursday, April 24th.

Keyera Trading Up 0.2 %

TSE KEY opened at C$43.69 on Friday. The company has a market cap of C$10.06 billion, a PE ratio of 22.52, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 12 month low of C$35.06 and a 12 month high of C$47.90. The stock has a 50 day moving average of C$42.56 and a 200-day moving average of C$43.10. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.52 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.76%. Keyera’s dividend payout ratio (DPR) is presently 107.20%.

About Keyera

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.