Shares of KeyCorp (NYSE:KEY) have been given an average rating of “Buy” by the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.10.
KEY has been the topic of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a report on Thursday, April 5th. DA Davidson upped their price objective on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Vining Sparks reiterated a “buy” rating and issued a $25.00 target price on shares of KeyCorp in a report on Thursday, January 18th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and increased their target price for the company from $23.00 to $24.00 in a report on Thursday, January 25th. Finally, Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, December 26th.
In other news, insider Robert A. Deangelis sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 175,053 shares in the company, valued at $3,695,368.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the transaction, the insider now owns 51,791 shares in the company, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. Insiders have sold 92,857 shares of company stock worth $1,953,548 over the last three months. Insiders own 0.67% of the company’s stock.
KEY traded down $0.32 during trading on Thursday, hitting $19.02. 9,486,638 shares of the company’s stock were exchanged, compared to its average volume of 10,104,657. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.40. The company has a market cap of $20,407.62, a price-to-earnings ratio of 14.01, a PEG ratio of 1.21 and a beta of 1.04.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting 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 firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. equities analysts forecast that KeyCorp will post 1.67 earnings per share for the current fiscal year.
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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.
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