Keyera (TSE:KEY) Price Target Increased to C$35.50 by Analysts at Raymond James

Keyera (TSE:KEY – Get Rating) had its target price lifted by Raymond James from C$34.00 to C$35.50 in a research report sent to investors on Friday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

A number of other brokerages have also recently commented on KEY. National Bankshares lifted their price target on Keyera from C$37.00 to C$38.00 and gave the stock an outperform rating in a research note on Thursday, May 12th. CSFB reduced their price objective on Keyera from C$40.50 to C$38.00 in a report on Friday, July 22nd. CIBC lowered their price objective on Keyera from C$37.00 to C$26.00 in a research report on Thursday, July 21st. Royal Bank of Canada lifted their price objective on Keyera from C$35.00 to C$37.00 and gave the company an outperform rating in a research note on Thursday, May 12th. Finally, Scotiabank boosted their price objective on Keyera from C$37.00 to C$38.00 in a research note on Tuesday, April 19th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$34.88.

Keyera Stock Down 1.1 %

KEY stock opened at C$31.18 on Friday. The company has a debt-to-equity ratio of 144.81, a quick ratio of 0.95 and a current ratio of 1.19. The company has a market capitalization of C$6.68 billion and a price-to-earnings ratio of 19.61. Keyera has a fifty-two week low of C$26.34 and a fifty-two week high of C$35.48. The stock has a fifty day moving average of C$31.58 and a 200-day moving average of C$31.29.

Keyera (TSE:KEY – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported C$0.51 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.03. The firm had revenue of C$1.69 billion for the quarter. As a group, equities research analysts predict that Keyera will post 1.9159705 earnings per share for the current year.

Keyera Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th will be issued a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Sunday, August 21st. Keyera’s dividend payout ratio (DPR) is presently 110.69%.

About Keyera

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Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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 condensate handling services.