Keyera Corp. (TSE:KEY) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$44.77.

Several brokerages have recently weighed in on KEY. Royal Bank of Canada increased their price target on Keyera from C$45.00 to C$46.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. TD Securities set a C$45.00 target price on Keyera and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Raymond James boosted their price target on Keyera from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. CIBC raised their price objective on shares of Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th. Finally, Citigroup boosted their target price on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th.

Keyera Trading Up 0.5 %

Shares of KEY stock traded up C$0.23 during trading hours on Friday, hitting C$42.47. 2,915,651 shares of the company's stock traded hands, compared to its average volume of 1,280,657. The stock has a market cap of C$9.78 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock's 50 day simple moving average is C$42.20 and its 200 day simple moving average is C$42.91. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 12 month low of C$33.44 and a 12 month high of C$47.90.

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Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, March 17th. Keyera's dividend payout ratio (DPR) is presently 107.20%.

Keyera Company Profile

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.