Keyera (KEY) PT Raised to C$46.00 at CIBC

Keyera (TSE:KEY) had its price target increased by CIBC from C$45.00 to C$46.00 in a report published on Wednesday, May 30th.

A number of other equities analysts have also issued reports on KEY. BMO Capital Markets lowered their target price on shares of Keyera from C$43.00 to C$42.00 in a research report on Tuesday, February 6th. Canaccord Genuity lowered their target price on shares of Keyera from C$46.00 to C$43.00 in a research report on Wednesday, February 14th. Scotiabank lowered their price objective on shares of Keyera from C$39.00 to C$38.00 and set a sector perform rating on the stock in a research report on Tuesday, February 20th. GMP Securities lifted their price objective on shares of Keyera from C$37.00 to C$38.00 in a research report on Tuesday, April 3rd. Finally, Industrial Alliance Securities lowered shares of Keyera from a strong-buy rating to a buy rating and lifted their price objective for the company from C$42.00 to C$43.00 in a research report on Monday, April 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$43.09.

Keyera stock traded up C$0.40 during mid-day trading on Wednesday, hitting C$36.08. The company had a trading volume of 1,035,577 shares, compared to its average volume of 534,469. Keyera has a 1 year low of C$31.20 and a 1 year high of C$41.49.

Keyera (TSE:KEY) last announced its earnings results on Tuesday, May 8th. The company reported C$0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.43. The business had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$900.50 million. Keyera had a net margin of 8.57% and a return on equity of 15.95%.

The firm also recently announced a monthly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 22nd will be issued a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, June 21st.

Keyera Company Profile

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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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust.  In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours.  According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days.   Amazon’s audit  In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved.  Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books.   Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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