National Bank Financial Cuts Keyera (KEY) Price Target to C$44.00

Keyera (TSE:KEY) had its target price cut by National Bank Financial from C$45.00 to C$44.00 in a report published on Wednesday morning. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. CIBC reduced their price target on Keyera from C$46.00 to C$45.00 in a research report on Wednesday, October 24th. Raymond James upped their target price on Keyera from C$42.00 to C$43.00 in a research report on Friday, October 5th. Finally, BMO Capital Markets upped their target price on Keyera from C$41.00 to C$43.00 in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$41.55.

KEY opened at C$29.53 on Wednesday. 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 12 month low of C$29.35 and a 12 month high of C$38.91.

Keyera (TSE:KEY) last released its quarterly earnings results on Wednesday, August 8th. The company reported C$0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.15. The company had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$972.50 million. As a group, equities analysts anticipate that Keyera will post 1.75999988891519 EPS for the current fiscal year.

The firm 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 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, November 21st. Keyera’s dividend payout ratio is currently 105.39%.

In related news, insider Michael Andrew Freeman sold 3,200 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was 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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