The stock of Keycorp (NYSE:KEY) last traded at $13.02, down -1.14% from the previous session.
Data from the available sources indicates that Keycorp (NYSE:KEY) is covered by 23 analysts. 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 $13.00. Given the previous closing price of $13.17, this indicates a potential downside of -1.29 percent. KEY stock price is now 15.65% away from the 50-day moving average and 14.98% away from the 200-day moving average. The market capitalization of the company currently stands at $12.19B.
In total, 8 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $12.90 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, Schosser Douglas M, Chief Accounting Officer sold 14,383 shares of the company’s stock on Dec 06. The stock was sold for $192,301 at an average price of $13.37. Upon completion of the transaction, the Chief Accounting Officer now directly owns 19,795 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, Director Highsmith Carlton L sold 10,000 shares of the business’s stock. A total of $122,800 was realized by selling the stock at an average price of $12.28. This leaves the insider owning 61,077 shares of the company worth $0.8 million. Insiders disposed of 272,513 shares of company stock worth roughly $3.55 million over the past 1 year. A total of 0.39% of the company’s stock is owned by insiders.
With an opening price of $13.12 on Tuesday morning, Keycorp (NYSE: KEY) set off the trading day. 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 $11.26 and a two-hundred day moving average price translates $11.32 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.
