Keyera (KEY) Price Target Lowered to C$40.00 at Raymond James

Keyera (TSE:KEY) had its price target lowered by Raymond James from C$43.00 to C$40.00 in a research note published on Thursday morning. The firm currently has an outperform rating on the stock.

KEY has been the subject of a number of other research reports. GMP Securities dropped their target price on shares of Keyera from C$40.00 to C$38.00 in a research report on Thursday. BMO Capital Markets increased their target price on shares of Keyera from C$41.00 to C$43.00 in a research report on Tuesday, September 11th. National Bank Financial dropped their target price on shares of Keyera from C$45.00 to C$44.00 and set an outperform rating for the company in a research report on Wednesday. CIBC dropped their target price on shares of Keyera from C$46.00 to C$45.00 in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada dropped their target price on shares of Keyera from C$45.00 to C$39.00 and set an outperform rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of C$41.55.

Shares of Keyera stock traded down C$0.89 during mid-day trading on Thursday, reaching C$29.53. 880,891 shares of the stock were exchanged, compared to its average volume of 527,369. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 85.63. Keyera has a fifty-two week low of C$29.35 and a fifty-two week high of C$38.91.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The firm had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$972.50 million. On average, analysts predict that Keyera will post 1.75999988891519 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 17th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Wednesday, November 21st. Keyera’s dividend payout ratio (DPR) is currently 105.39%.

In other Keyera news, insider Michael Andrew Freeman sold 3,200 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of C$37.23, for a total transaction of C$119,136.00.

Keyera Company Profile

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 Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.

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Analyst Recommendations for Keyera (TSE:KEY)

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