Stocks of Keycorp (NYSE:KEY) traded higher last session on Wall Street, up 0.52% to $15.53.
KEY stock price is now 6.35% away from the 50-day moving average and 25.04% away from the 200-day moving average. The market capitalization of the company currently stands at $14.50B.
With the price target enhanced from $10 to $17, Jefferies Upgraded its rating from Hold to Buy for Keycorp (NYSE: KEY). , while ‘Stephens’ rates the stock as ‘Overweight’
In other news, Highsmith Carlton L, Director sold 7,500 shares of the company’s stock on Mar 08 ’24. The stock was sold for $113,250 at an average price of $15.10. Upon completion of the transaction, the Director now directly owns 53,577 shares in the company, valued at $0.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, Head of Commercial Bank Gavrity Kenneth C sold 2,376 shares of the business’s stock. A total of $33,335 was realized by selling the stock at an average price of $14.03. This leaves the insider owning 98,120 shares of the company worth $1.52 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Keycorp has had a low of $8.53 and a high of $15.86. The fifty day moving average price for KEY is $14.60 and a two-hundred day moving average price translates $12.42 for the stock.
The latest earnings results from Keycorp (NYSE: KEY) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.23 by 0.02. This compares to $0.39 EPS in the same period last year. The net profit margin was 7.98% and return on equity was 6.86% for KEY. The company reported revenue of $2.05 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.94 percent. For the current quarter, analysts expect KEY to generate $1.51B in revenue.
