KeyCorp (NYSE:KEY) Receives $23.61 Consensus Price Target from Analysts

KeyCorp (NYSE:KEY) has been given a consensus rating of “Hold” by the twenty-four analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.78.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded KeyCorp from a “hold” rating to a “sell” rating and set a $20.00 price target for the company. in a research note on Monday, July 8th. Credit Suisse Group upgraded KeyCorp from an “average” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, August 7th. Nomura set a $18.00 price target on KeyCorp and gave the company a “hold” rating in a research note on Friday, July 26th. Piper Jaffray Companies set a $19.00 price target on KeyCorp and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, BMO Capital Markets raised their price target on KeyCorp from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th.

Shares of NYSE:KEY traded up $0.36 during mid-day trading on Monday, reaching $18.13. 8,420,028 shares of the stock were exchanged, compared to its average volume of 10,738,724. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.95. The company has a market cap of $18.19 billion, a P/E ratio of 10.48, a P/E/G ratio of 3.58 and a beta of 1.29. KeyCorp has a one year low of $13.65 and a one year high of $18.96. The stock’s 50 day simple moving average is $17.52 and its 200-day simple moving average is $17.15.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. KeyCorp’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Analysts anticipate that KeyCorp will post 1.77 EPS for the current fiscal year.

In related news, insider Amy G. Brady sold 10,806 shares of KeyCorp stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total transaction of $194,724.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 99,999 shares of KeyCorp stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.26, for a total value of $1,825,981.74. Following the sale, the insider now directly owns 85,469 shares of the company’s stock, valued at $1,560,663.94. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC acquired a new stake in KeyCorp during the 3rd quarter worth approximately $35,000. Cordasco Financial Network acquired a new stake in KeyCorp during the 3rd quarter worth approximately $43,000. Manchester Financial Inc. acquired a new stake in KeyCorp during the 2nd quarter worth approximately $46,000. Coastal Capital Group Inc. acquired a new stake in KeyCorp during the 2nd quarter worth approximately $50,000. Finally, CSat Investment Advisory L.P. lifted its holdings in KeyCorp by 202.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,087 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 2,068 shares during the last quarter. 80.06% of the stock is owned by institutional investors and hedge funds.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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