In yesterday’s Wall Street session, Keycorp (NYSE:KEY) shares traded at $19.60, up 1.98% from the previous session.
KEY stock price is now 11.67% away from the 50-day moving average and 25.70% away from the 200-day moving average. The market capitalization of the company currently stands at $19.81B.
With the price target maintained at $19, Citigroup recently Downgraded its rating from Buy to Neutral for Keycorp (NYSE: KEY). On October 14, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $17, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Mago Angela G, Chief Human Resources Officer sold 15,011 shares of the company’s stock on Nov 06 ’24. The stock was sold for $294,065 at an average price of $19.59. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 234,582 shares in the company, valued at $4.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Head of Institutional Bank Paine Andrew J III sold 66,362 shares of the business’s stock. A total of $1,262,869 was realized by selling the stock at an average price of $19.03. This leaves the insider owning 214,068 shares of the company worth $4.2 million. A total of 0.41% of the company’s stock is owned by insiders.
During the past 12 months, Keycorp has had a low of $11.64 and a high of $20.00. According to the stock market information, the enterprise value for the company is $38301147136, which is based on a 1781.82 price-to-earnings ratio, a 97.03 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for KEY is $17.551 and a two-hundred day moving average price translates $15.59215 for the stock.
The latest earnings results from Keycorp (NYSE: KEY) was released for 2024-09-30. The net profit margin was 0.05% and return on equity was 0.97% for KEY. The company reported revenue of $2.17 billion for the quarter, compared to $2.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.46 percent.
