Keyera (KEY) PT Set at C$42.00 by BMO Capital Markets

BMO Capital Markets set a C$42.00 price target on Keyera (TSE:KEY) in a research report released on Monday. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on KEY. National Bank Financial dropped their price objective on Keyera from C$45.00 to C$43.00 and set an outperform rating for the company in a research note on Monday, January 29th. Canaccord Genuity dropped their price objective on Keyera from C$46.00 to C$43.00 in a research note on Wednesday, February 14th. Scotiabank dropped their price objective on Keyera from C$39.00 to C$38.00 and set a sector perform rating for the company in a research note on Tuesday, February 20th. GMP Securities lifted their price objective on Keyera from C$37.00 to C$38.00 in a research note on Tuesday, April 3rd. Finally, CIBC lifted their price objective on Keyera from C$45.00 to C$46.00 in a research note on Tuesday, April 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$42.44.

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TSE:KEY opened at C$35.17 on Monday. Keyera has a 52-week low of C$31.20 and a 52-week high of C$42.57.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.43 by C$0.02. The company had revenue of C$1.03 billion during the quarter, compared to analyst estimates of C$853.62 million. Keyera had a return on equity of 15.95% and a net margin of 8.57%.

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, April 20th. This represents a $1.68 dividend on an annualized basis and a yield of 4.78%.

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About Keyera

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.

Analyst Recommendations for Keyera (TSE:KEY)

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