Keyera (TSE:KEY – Free Report) had its price target cut by BMO Capital Markets from C$63.00 to C$62.00 in a research report sent to investors on Wednesday morning,BayStreet reports. They currently have a market perform rating on the stock.
Several other equities research analysts have also recently commented on the company. Scotiabank lifted their target price on Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Scotia upped their price target on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Friday, September 4th. TD cut their price target on Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Royal Bank Of Canada raised their price target on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Stifel Nicolaus lifted their price objective on Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a research report on Friday, September 4th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$73.07.
Check Out Our Latest Analysis on Keyera
Keyera Price Performance
KEY opened at C$51.75 on Wednesday. Keyera has a one year low of C$40.09 and a one year high of C$61.41. The company has a debt-to-equity ratio of 174.48, a current ratio of 0.91 and a quick ratio of 0.57. The company’s 50 day simple moving average is C$53.74 and its 200-day simple moving average is C$54.65. The stock has a market capitalization of C$15.19 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.
Keyera (TSE:KEY – Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported C($0.23) earnings per share for the quarter. The company had revenue of C$2.44 billion during the quarter. Keyera had a return on equity of 5.34% and a net margin of 2.54%. Sell-side analysts anticipate that Keyera will post 2.22 earnings per share for the current fiscal year.
Keyera Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.54. Keyera’s payout ratio is 141.18%.
Insiders Place Their Bets
In other news, Director Taylor Timothy Kitchen acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the acquisition, the director owned 7,500 shares in the company, valued at C$418,050. This trade represents a 7.14% increase in their ownership of the stock. 0.39% of the stock is owned by insiders.
About Keyera
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
Further Reading
- Five stocks we like better than Keyera
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Receive News & Ratings for Keyera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keyera and related companies with MarketBeat.com's FREE daily email newsletter.
