KeyCorp (NYSE:KEY) Receives $15.71 Consensus Target Price from Analysts

Shares of KeyCorp (NYSE:KEY) have been given an average rating of “Moderate Buy” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.71.

A number of research firms recently commented on KEY. Argus increased their price target on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI increased their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Jefferies Financial Group upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company upped their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th.

KeyCorp Stock Up 0.1 %

Shares of NYSE KEY opened at $14.64 on Friday. The business has a fifty day moving average of $14.70 and a two-hundred day moving average of $13.46. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. KeyCorp has a 52-week low of $8.53 and a 52-week high of $15.86. The stock has a market cap of $13.58 billion, a PE ratio of 18.53 and a beta of 1.29.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. As a group, equities research analysts expect that KeyCorp will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares in the company, valued at approximately $1,161,481.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now directly owns 81,622 shares in the company, valued at approximately $1,161,481.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the sale, the insider now directly owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,442 shares of company stock worth $303,914. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of KeyCorp

Large investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC bought a new position in KeyCorp during the 4th quarter valued at $26,000. Sound Income Strategies LLC raised its stake in shares of KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,836 shares during the period. First United Bank & Trust bought a new stake in shares of KeyCorp during the 4th quarter worth $29,000. Baldwin Brothers LLC MA bought a new stake in shares of KeyCorp during the 4th quarter worth $35,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of KeyCorp during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.