Keyera (TSE:KEY) Price Target Raised to C$112.00

Keyera (TSE:KEY) had its price objective raised by Desjardins from C$103.00 to C$112.00 in a research report report published on Friday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on KEY. ATB Cormark Capital Markets boosted their price objective on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Scotiabank lifted their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Raymond James Financial reduced their price target on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. BMO Capital Markets increased their price target on shares of Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, TD lowered their price objective on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Stock Performance

TSE KEY opened at C$56.33 on Friday. The firm’s fifty day moving average price is C$58.72 and its 200 day moving average price is C$55.64. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The company has a market capitalization of C$16.53 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The firm had revenue of C$2.40 billion during the quarter. On average, sell-side analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a dividend yield of 4.0%. Keyera’s payout ratio is presently 141.18%.

Key Headlines Impacting Keyera

Here are the key news stories impacting Keyera this week:

• Positive Sentiment: Keyera lowered its marketing-margin expectations because of the Line 5 disruption but also provided an operational update and 2026 marketing guidance. The impact may be partly temporary, though reduced margins could weigh on near-term earnings. Keyera Lowers Marketing Margin Guidance Amid Line 5 Disruption Keyera Announces 2026 Marketing Guidance Update and Provides Operational Update
• Positive Sentiment: Several analysts remain constructive. Citigroup raised its target to C$106 from C$102, Desjardins increased its target to C$112 from C$103, and Scotia lifted its target to C$92 from C$88; each represents a buy or sector-supportive view. TD and BMO reduced their targets modestly to C$67 and C$64, respectively, but retained “buy” and “outperform” ratings.
• Positive Sentiment: Keyera announced a quarterly dividend of C$0.5625 per share, a 4.2% increase from C$0.54. The dividend is payable September 29 to shareholders of record September 15, with an indicated yield of approximately 3.8%.
• Neutral Sentiment: Stifel raised its target to C$90 from C$85 but kept a “hold” rating, while Scotia’s “sector perform” view signals a more balanced near-term outlook despite its higher target.

About Keyera

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.