Raymond James Has Strong Estimate for Keyera FY2024 Earnings

Keyera Corp. (TSE:KEY) – Stock analysts at Raymond James boosted their FY2024 EPS estimates for shares of Keyera in a note issued to investors on Thursday, November 14th. Raymond James analyst M. Barth now expects that the company will earn $2.19 per share for the year, up from their prior forecast of $2.04. Raymond James currently has a “Moderate Buy” rating on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Raymond James also issued estimates for Keyera’s FY2025 earnings at $2.14 EPS and FY2026 earnings at $2.40 EPS.

KEY has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday. Jefferies Financial Group raised their target price on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada boosted their price target on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. ATB Capital raised their price objective on Keyera from C$43.00 to C$44.00 in a research report on Friday. Finally, Citigroup lifted their target price on Keyera from C$46.00 to C$50.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$42.58.

Keyera Stock Down 0.0 %

KEY stock opened at C$45.09 on Monday. The company has a market cap of C$10.33 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.67. The business has a 50 day moving average price of C$42.89 and a two-hundred day moving average price of C$39.45. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.61%. This is an increase from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

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.