KeyCorp (NYSE:KEY) has earned a consensus rating of “Buy” from the twenty-five research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.10.
KEY has been the topic of several research analyst reports. Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, December 26th. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. DA Davidson increased their price target on shares of KeyCorp to $26.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Vining Sparks reissued a “buy” rating and set a $25.00 price target on shares of KeyCorp in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.50 price target on shares of KeyCorp in a research note on Thursday, December 14th.
KEY opened at $19.46 on Thursday. KeyCorp has a one year low of $16.28 and a one year high of $22.40. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. The company has a market cap of $20,821.29, a PE ratio of 14.31, a P/E/G ratio of 1.24 and a beta of 1.04.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. equities analysts anticipate that KeyCorp will post 1.67 EPS for the current fiscal year.
In other KeyCorp news, insider Robert A. Deangelis sold 25,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total value of $527,750.00. Following the sale, the insider now directly owns 175,053 shares in the company, valued at $3,695,368.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher M. Gorman sold 56,038 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,857 shares of company stock worth $1,953,548. Company insiders own 0.65% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of KEY. Zions Bancorporation raised its holdings in KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 5,466 shares during the period. We Are One Seven LLC acquired a new stake in KeyCorp in the fourth quarter worth $183,000. Davis R M Inc. acquired a new stake in KeyCorp in the fourth quarter worth $217,000. Jump Trading LLC acquired a new stake in KeyCorp in the fourth quarter worth $219,000. Finally, CIBC World Markets Inc. acquired a new stake in KeyCorp in the fourth quarter worth $224,000. Institutional investors own 81.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “KeyCorp (KEY) Given Average Rating of “Buy” by Brokerages” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://ledgergazette.com/2018/04/19/keycorp-key-given-average-rating-of-buy-by-brokerages.html.
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, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.