Keyera (TSE:KEY) Price Target Lowered to C$60.00 at TD

Keyera (TSE:KEY) had its price objective trimmed by TD from C$62.00 to C$60.00 in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. National Bank Financial reduced their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. Barclays upped their price target on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Citigroup increased their target price on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. BMO Capital Markets cut their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Finally, TD Securities increased their target price on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and an average price target of C$54.08.

Keyera Stock Performance

Shares of KEY opened at C$50.65 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. The business has a 50-day simple moving average of C$52.13 and a two-hundred day simple moving average of C$47.28. The stock has a market cap of C$11.61 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.35 and a beta of 0.56. Keyera has a 52 week low of C$40.09 and a 52 week high of C$55.35.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.70 billion during the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 dividend on an annualized basis and a yield of 4.3%. Keyera’s dividend payout ratio is presently 112.17%.

Key Stories Impacting Keyera

Here are the key news stories impacting Keyera this week:

• Positive Sentiment: Keyera issued an update saying it expects near-term closing of the Plains Canadian NGL acquisition and is continuing through the regulatory process — management’s reaffirmation likely calmed some selling and underpins a recovery in the share price. Keyera Provides Update on Regulatory Process for Plains Acquisition and Confirms Expected Near-Term Closing
• Positive Sentiment: TD Securities kept a Buy rating on KEY, supporting investor sentiment despite trimming the target; keeping institutional support reduces the chance of a large analyst-driven selloff. BayStreet.CA analyst note
• Neutral Sentiment: TD lowered its price target from C$62.00 to C$60.00 — a modest reduction in upside but still implying meaningful upside from current levels, tempering the bullish case slightly. BayStreet.CA analyst note
• Neutral Sentiment: The Competition Bureau announced it will hold a technical briefing on its review of Keyera’s proposed acquisition — this is procedural but keeps regulatory timing and scrutiny front and centre for investors. Media Advisory – Competition Bureau technical briefing
• Negative Sentiment: Canada’s Competition Bureau has advised against the natural gas liquids merger in Fort Saskatchewan and is challenging the Plains deal — this raises the risk the transaction will be blocked, require remedies, or face delay, which is the main downside catalyst for KEY. Competition Bureau advises against NGL merger (MSN)
• Negative Sentiment: Media coverage notes the Competition Bureau is actively challenging the Plains transaction and reported that Keyera shares previously plunged on the news — underscoring that regulatory outcomes can cause sharp volatility. Bloomberg: Regulator challenges Plains deal
• Negative Sentiment: Coverage from industry outlets highlights an antitrust hurdle to the roughly $2.8B Plains NGL acquisition — a potential long-term risk to growth assumptions that underpinned the deal rationale. The Deep Dive: Antitrust hurdle

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.