Vetr upgraded shares of KeyCorp (NYSE:KEY) from a buy rating to a strong-buy rating in a research report report published on Thursday. Vetr currently has $14.14 price target on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on the company. Nomura restated a buy rating on shares of KeyCorp in a research note on Saturday, July 9th. Wells Fargo & Co. restated a hold rating on shares of KeyCorp in a research note on Saturday, July 9th. Barclays PLC restated a sell rating on shares of KeyCorp in a research note on Saturday, July 9th. Deutsche Bank AG restated a hold rating and issued a $13.00 target price on shares of KeyCorp in a research note on Wednesday, June 15th. Finally, Jefferies Group restated a buy rating and issued a $14.00 target price (down previously from $14.50) on shares of KeyCorp in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $14.38.
KeyCorp (NYSE:KEY) opened at 12.63 on Thursday. The stock’s 50 day moving average price is $12.40 and its 200-day moving average price is $12.01. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 13.06 and a beta of 1.21. KeyCorp has a 52 week low of $9.88 and a 52 week high of $14.01.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities research analysts forecast that KeyCorp will post $1.06 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of KeyCorp during the second quarter valued at approximately $185,766,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of KeyCorp by 225.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,372,753 shares of the financial services provider’s stock valued at $114,619,000 after buying an additional 7,181,216 shares during the last quarter. Samlyn Capital LLC raised its stake in shares of KeyCorp by 69.5% in the first quarter. Samlyn Capital LLC now owns 14,217,900 shares of the financial services provider’s stock valued at $156,966,000 after buying an additional 5,830,900 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of KeyCorp during the first quarter valued at approximately $30,658,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of KeyCorp during the second quarter valued at approximately $27,938,000. 66.37% of the stock is currently owned by institutional investors.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.