Raymond James Increases Keyera (KEY) Price Target to C$43.00

Keyera (TSE:KEY) had its price objective raised by Raymond James from C$42.00 to C$43.00 in a research note released on Friday morning.

A number of other research analysts also recently issued reports on KEY. GMP Securities lifted their price target on Keyera from C$40.25 to C$41.00 in a report on Wednesday, June 20th. BMO Capital Markets lifted their price target on Keyera from C$41.00 to C$43.00 in a report on Tuesday, September 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$43.30.

Shares of TSE:KEY opened at C$34.59 on Friday. Keyera has a 12-month low of C$31.20 and a 12-month high of C$39.31.

Keyera (TSE:KEY) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.15. Keyera had a return on equity of 15.95% and a net margin of 8.57%. The business had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$972.50 million.

The business also recently declared a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.20%.

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