KeyCorp Lowers BILL (NYSE:BILL) Price Target to $70.00

BILL (NYSE:BILL) had its target price cut by analysts at KeyCorp from $85.00 to $70.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 50.03% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Monday. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Susquehanna increased their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.89.

BILL Stock Up 0.5 %

BILL stock opened at $46.66 on Tuesday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -4,665.80, a PEG ratio of 29.46 and a beta of 2.00. The company has a 50 day moving average of $70.51 and a two-hundred day moving average of $70.35. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL has a 12-month low of $42.82 and a 12-month high of $100.19.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, equities analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Large investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. bought a new position in BILL in the fourth quarter valued at $217,000. Public Employees Retirement System of Ohio acquired a new stake in shares of BILL during the 4th quarter worth about $2,933,000. JT Stratford LLC acquired a new stake in BILL in the 4th quarter worth about $369,000. Castleark Management LLC acquired a new stake in BILL in the 4th quarter worth about $5,907,000. Finally, Vident Advisory LLC acquired a new stake in BILL in the 4th quarter worth about $281,000. Institutional investors own 97.99% of the company’s stock.

BILL Company Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.