Raymond James Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its target price lifted by Raymond James from C$47.00 to C$48.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Keyera’s FY2025 earnings at $2.16 EPS, FY2026 earnings at $2.43 EPS, FY2027 earnings at $2.62 EPS and FY2028 earnings at $3.10 EPS.

Several other equities research analysts have also weighed in on the company. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. National Bankshares lifted their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Citigroup lifted their price objective on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Jefferies Financial Group lifted their price objective on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada lifted their price objective on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Trading Down 1.5 %

Shares of KEY opened at C$43.42 on Wednesday. The business has a 50-day moving average of C$44.41 and a 200 day moving average of C$40.73. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The firm has a market cap of C$9.95 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.52 per share. The ex-dividend date is Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.79%. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Buying and Selling

In related news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is currently owned by corporate 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.