KeyCorp (NYSE:KEY) Stock Has Consensus Price Target of $46.25

Shares of KeyCorp (NYSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $46.25.

KEY has been the topic of a number of recent analyst reports. TD Cowen assumed coverage on shares of KeyCorp in a report on Thursday, October 8th. They set a “buy” rating and a $23.00 price target on the stock. Citigroup reissued a “neutral” rating on shares of KeyCorp in a research report on Tuesday, September 22nd. Stephens reiterated an “overweight” rating and issued a $26.00 price objective on shares of KeyCorp in a research note on Tuesday, September 15th. Evercore reiterated an “outperform” rating and issued a $24.00 target price on shares of KeyCorp in a research report on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of KeyCorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.

KeyCorp Stock Performance

NYSE:KEY opened at $21.21 on Friday. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. KeyCorp has a twelve month low of $16.91 and a twelve month high of $24.07. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $20.92 and a 200-day moving average of $21.55.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts forecast that KeyCorp will post 1.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other KeyCorp news, insider Andrew Paine, III sold 39,130 shares of the company’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $21.20, for a total value of $829,556.00. Following the transaction, the insider directly owned 191,571 shares of the company’s stock, valued at $4,061,305.20. This represents a 16.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On KeyCorp

Several large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of KeyCorp in the 2nd quarter worth approximately $30,000. Silvant Capital Management LLC acquired a new stake in KeyCorp in the 2nd quarter valued at $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of KeyCorp in the 2nd quarter valued at $31,000. GK Wealth Management LLC acquired a new stake in shares of KeyCorp in the 3rd quarter valued at $30,000. Finally, Trust Co. of Vermont bought a new position in KeyCorp during the 2nd quarter valued at about $44,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, it provides retail and commercial banking services to individuals, businesses, institutional clients and government entities.

KeyBank’s offerings include checking and savings accounts, consumer lending, mortgages, home equity financing, credit cards, business loans, treasury management and payment services. The company also provides investment banking and capital markets services through KeyBanc Capital Markets, as well as wealth management, investment management and personal financial planning services.

KeyCorp traces its history to 1825, when the institution that became KeyBank was established in Albany, New York.