The price of Keycorp (NYSE:KEY) shares last traded on Wall Street rose 1.66% to $13.44.
Based on available information, 23 analysts follow Keycorp (NYSE:KEY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $10.00, we find $12.50. Given the previous closing price of $13.22, this indicates a potential downside of -5.45 percent. KEY stock price is now 22.79% away from the 50-day moving average and 17.01% away from the 200-day moving average. The market capitalization of the company currently stands at $12.58B.
Among analysts, 8 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $12.67 as their price target over the next twelve months.
With the price target enhanced from $12.50 to $15, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Keycorp (NYSE: KEY).
In other news, Highsmith Carlton L, Director sold 10,000 shares of the company’s stock on Nov 20. The stock was sold for $122,800 at an average price of $12.28. Upon completion of the transaction, the Director now directly owns 61,077 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Director Rankin Devina A bought 10,000 shares of the business’s stock. A total of $114,900 was incurred on buying the stock at an average price of $11.49. This leaves the insider owning 10,000 shares of the company worth $0.13 million. Insiders disposed of 273,949 shares of company stock worth roughly $3.68 million over the past 1 year. A total of 0.39% of the company’s stock is owned by insiders.
A candlestick chart of Keycorp (NYSE: KEY) showed a price of $13.05 on Monday morning. During the past 12 months, Keycorp has had a low of $8.53 and a high of $20.30. The fifty day moving average price for KEY is $10.95 and a two-hundred day moving average price translates $11.49 for the stock.
The latest earnings results from Keycorp (NYSE: KEY) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.27 by 0.02. This compares to $0.55 EPS in the same period last year. The net profit margin was 11.49% and return on equity was 9.71% for KEY. The company reported revenue of $2.04 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.48 percent. For the current quarter, analysts expect KEY to generate $1.57B in revenue.
