Somewhat Positive Media Coverage Somewhat Unlikely to Impact KeyCorp (KEY) Share Price

Media headlines about KeyCorp (NYSE:KEY) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. KeyCorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 49.3850546766316 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

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Shares of NYSE KEY traded up $0.31 during midday trading on Friday, hitting $19.86. The company’s stock had a trading volume of 11,700,049 shares, compared to its average volume of 9,827,635. KeyCorp has a one year low of $16.28 and a one year high of $22.40. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.99. The firm has a market cap of $20,736.43, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 19th. The financial services provider reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. KeyCorp’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. equities analysts expect that KeyCorp will post 1.67 EPS for the current year.

Several analysts have commented on KEY shares. Zacks Investment Research lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $24.00 in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of KeyCorp from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $23.00 price objective on shares of KeyCorp in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.25.

In related news, insider Robert A. Deangelis sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the sale, the insider now owns 175,053 shares of the company’s stock, valued at approximately $3,695,368.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. Insiders have sold a total of 92,857 shares of company stock worth $1,953,548 in the last ninety days. 0.65% of the stock is currently owned by insiders.

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About KeyCorp

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.

Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

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