Raymond James Analysts Give Keyera (TSE:KEY) a C$47.00 Price Target

Raymond James set a C$47.00 price objective on Keyera (TSE:KEY) in a report issued on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Keyera’s FY2025 earnings at $2.31 EPS, FY2026 earnings at $2.48 EPS and FY2028 earnings at $3.09 EPS.

Several other equities research analysts have also recently weighed in on KEY. Scotiabank raised their price objective on shares of Keyera from C$40.00 to C$42.00 and gave the company an outperform rating in a research report on Monday, July 15th. National Bankshares upped their price target on Keyera from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Friday, August 23rd. BMO Capital Markets boosted their target price on Keyera from C$40.00 to C$41.00 and gave the company a hold rating in a research note on Thursday, September 5th. Jefferies Financial Group increased their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a buy rating in a research report on Monday, September 30th. Finally, Citigroup upped their price target on Keyera from C$40.00 to C$46.00 and gave the stock a buy rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$41.50.

Keyera Price Performance

TSE KEY opened at C$43.94 on Friday. The stock’s 50-day moving average is C$40.83 and its two-hundred day moving average is C$37.96. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$44.56. The firm has a market cap of C$10.07 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, analysts anticipate that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.73%. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. Keyera’s payout ratio is presently 139.60%.

Insider Activity at Keyera

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is currently owned by company insiders.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.