Brokerages Set KeyCorp (NYSE:KEY) PT at $25.69

KeyCorp (NYSE:KEY) has earned an average rating of “Buy” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.69.

KEY has been the subject of a number of research reports. Morgan Stanley reduced their price objective on KeyCorp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, August 2nd. Citigroup initiated coverage on KeyCorp in a research report on Friday, July 16th. They set a “hold” rating and a $20.16 price objective for the company. Odeon Capital Group cut KeyCorp from a “buy” rating to a “hold” rating and set a $17.73 price objective for the company. in a research report on Monday, July 19th. Royal Bank of Canada lifted their price objective on KeyCorp from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Finally, Wells Fargo & Company lifted their price objective on KeyCorp from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, June 24th.

Shares of KEY stock traded down $0.13 during mid-day trading on Monday, hitting $20.76. 14,040,373 shares of the stock traded hands, compared to its average volume of 8,065,279. KeyCorp has a twelve month low of $11.33 and a twelve month high of $23.65. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54. The company’s 50-day simple moving average is $20.06 and its 200-day simple moving average is $20.86. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.87.

KeyCorp (NYSE:KEY) last issued its earnings results on Monday, July 19th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.19. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KeyCorp had a return on equity of 14.21% and a net margin of 30.87%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Analysts forecast that KeyCorp will post 2.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were paid a $0.185 dividend. The ex-dividend date was Monday, August 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.56%. KeyCorp’s payout ratio is presently 58.73%.

In related news, insider Jamie Warder sold 3,112 shares of the business’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $19.97, for a total transaction of $62,146.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. South State Corp acquired a new stake in KeyCorp during the second quarter valued at approximately $29,000. Clearview Wealth Advisors LLC acquired a new stake in KeyCorp during the first quarter valued at approximately $29,000. E Fund Management Co. Ltd. acquired a new position in shares of KeyCorp in the 1st quarter worth approximately $34,000. Evermay Wealth Management LLC acquired a new position in shares of KeyCorp in the 2nd quarter worth approximately $37,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of KeyCorp in the 1st quarter worth approximately $41,000. 80.49% of the stock is currently owned by institutional investors.

KeyCorp Company Profile

KeyCorp operates as bank holding company, which engages in the provision of financial services. it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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