KeyCorp (KEY) Given New $24.00 Price Target at BMO Capital Markets

KeyCorp (NYSE:KEY) had its price objective decreased by BMO Capital Markets from $25.00 to $24.00 in a research note released on Friday morning. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

A number of other research firms have also weighed in on KEY. Deutsche Bank raised shares of KeyCorp from a hold rating to a buy rating and raised their price objective for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. Oppenheimer reaffirmed a hold rating on shares of KeyCorp in a research note on Monday, January 22nd. Sandler O’Neill reaffirmed a hold rating and issued a $21.50 price objective on shares of KeyCorp in a research note on Friday, January 19th. DA Davidson raised their price objective on shares of KeyCorp to $26.00 and gave the company a buy rating in a research note on Friday, January 19th. Finally, Vining Sparks reaffirmed a buy rating and issued a $25.00 price objective on shares of KeyCorp in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $22.25.

How to Become a New Pot Stock Millionaire

NYSE:KEY opened at $19.86 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $20,736.43, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.23 and a beta of 1.04. KeyCorp has a 12 month low of $16.28 and a 12 month high of $22.40.



KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. research analysts anticipate that KeyCorp will post 1.67 EPS for the current year.

In related news, insider Christopher M. Gorman sold 56,038 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert A. Deangelis sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the transaction, the insider now directly owns 175,053 shares in the company, valued at $3,695,368.83. 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. 0.65% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC increased its holdings in KeyCorp by 17.1% during the fourth quarter. Mycio Wealth Partners LLC now owns 17,116 shares of the financial services provider’s stock worth $345,000 after buying an additional 2,500 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in KeyCorp by 2.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock worth $2,108,000 after buying an additional 2,600 shares during the last quarter. MML Investors Services LLC increased its holdings in KeyCorp by 17.3% during the fourth quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock worth $374,000 after buying an additional 2,744 shares during the last quarter. Dividend Assets Capital LLC increased its holdings in KeyCorp by 11.7% during the fourth quarter. Dividend Assets Capital LLC now owns 27,335 shares of the financial services provider’s stock worth $551,000 after buying an additional 2,860 shares during the last quarter. Finally, Mcmillion Capital Management Inc. increased its holdings in KeyCorp by 2.0% during the fourth quarter. Mcmillion Capital Management Inc. now owns 162,591 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 3,120 shares during the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “KeyCorp (KEY) Given New $24.00 Price Target at BMO Capital Markets” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://stocknewstimes.com/2018/04/21/keycorp-key-given-new-24-00-price-target-at-bmo-capital-markets.html.

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, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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.

Leave a Reply