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KeyCorp (KEY) – Don’t Be So Quick to Call it Dead

KeyCorp (NYSE: KEY) is -28.32% lower on its value in year-to-date trading and has touched a low of $16.41 and a high of $27.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KEY stock was last observed hovering at around $17.13 in the last trading session, with the day’s loss setting it -0.55% off its average median price target of $21.00 for the next 12 months. It is also 42.83% off the consensus price target high of $29.00 offered by 22 analysts, but current levels are 2.47% higher than the price target low of $17.00 for the same period.

Currently trading at $16.58, the stock is -7.93% and -8.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.41 million and changing -3.21% at the moment leaves the stock -21.20% off its SMA200. KEY registered -18.37% loss for a year compared to 6-month loss of -29.51%.

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The stock witnessed a -11.67% gain in the last 1 month and extending the period to 3 months gives it a -2.47%, and is -8.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.11% over the week and 2.89% over the month.

KeyCorp (KEY) has around 17262 employees, a market worth around $15.79B and $4.46B in sales. Current P/E ratio is 7.27 and Fwd P/E is 6.95. Profit margin for the company is 48.20%. Distance from 52-week low is 1.07% and -38.98% from its 52-week high. The company has generated returns on investments over the last 12 months (14.00%).

KeyCorp (KEY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for KeyCorp (KEY) is a “Hold”. 22 analysts offering their recommendations for the stock have an average rating of 2.70, where 12 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to grow by 108.60% this year

KeyCorp (KEY) Top Institutional Holders

The shares outstanding are 932.66M, and float is at 928.87M with Short Float at 1.79%.

KeyCorp (KEY) Insider Activity

A total of 9 insider transactions have happened at KeyCorp (KEY) in the last six months, with sales accounting for 3 and purchases happening 6 times. The most recent transaction is an insider sale by Highsmith Carlton L, the company’s Director. SEC filings show that Highsmith Carlton L sold 5,200 shares of the company’s common stock on Sep 14 at a price of $17.59 per share for a total of $91468.0. Following the sale, the insider now owns 64139.0 shares.

KeyCorp disclosed in a document filed with the SEC on Mar 07 that Highsmith Carlton L (Director) sold a total of 5,362 shares of the company’s common stock. The trade occurred on Mar 07 and was made at $22.86 per share for $0.12 million. Following the transaction, the insider now directly holds 64874.0 shares of the KEY stock.

Still, SEC filings show that on Feb 28, Warder Jamie (Head of Digital Banking) disposed off 9,632 shares at an average price of $24.80 for $0.24 million. The insider now directly holds 22,095 shares of KeyCorp (KEY).

KeyCorp (KEY): Who are the competitors?

The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading -19.03% down over the past 12 months and Wells Fargo & Company (WFC) that is -11.81% lower over the same period. Citigroup Inc. (C) is -33.21% down on the 1-year trading charts.

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