KeyCorp (KEY) Receives $22.10 Consensus Price Target from Analysts

Shares of KeyCorp (NYSE:KEY) have earned a consensus rating of “Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.10.

A number of equities analysts have weighed in on KEY shares. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, December 26th. Barclays upped their price objective on shares of KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. DA Davidson upped their price objective on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Vining Sparks restated a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a research report on Thursday, January 18th. Finally, Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $24.00 in a research report on Thursday, January 25th.

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In related news, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the sale, the insider now owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Deangelis sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the completion of the sale, the insider now directly owns 175,053 shares of the company’s stock, valued at approximately $3,695,368.83. The disclosure for this sale can be found here. Insiders have sold 92,857 shares of company stock valued at $1,953,548 in the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation grew its holdings in shares of KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 5,466 shares during the period. We Are One Seven LLC purchased a new stake in shares of KeyCorp in the fourth quarter valued at about $183,000. Davis R M Inc. purchased a new stake in shares of KeyCorp in the fourth quarter valued at about $217,000. Jump Trading LLC purchased a new stake in shares of KeyCorp in the fourth quarter valued at about $219,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of KeyCorp by 136.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,108 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 6,419 shares during the period. 81.70% of the stock is owned by hedge funds and other institutional investors.

NYSE:KEY traded down $0.61 during trading hours on Thursday, reaching $19.24. 12,978,603 shares of the company were exchanged, compared to its average volume of 9,076,157. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $21,054.64, a PE ratio of 14.15, a P/E/G ratio of 1.25 and a beta of 1.04. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period in the prior year, the business posted $0.31 earnings per share. research analysts forecast that KeyCorp will post 1.67 earnings per share for the current year.

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KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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