KeyCorp (NYSE: KEY) is 0.11% higher on its value in year-to-date trading and has touched a low of $15.26 and a high of $27.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KEY stock was last observed hovering at around $16.45 in the last trading session, with the day’s gains setting it 0.99% off its average median price target of $20.00 for the next 12 months. It is also 27.33% off the consensus price target high of $24.00 offered by 23 analysts, but current levels are -9.0% lower than the price target low of $16.00 for the same period.
Currently trading at $17.44, the stock is -0.90% and -2.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.07 million and changing 6.02% at the moment leaves the stock -4.32% off its SMA200. KEY registered -31.85% loss for a year compared to 6-month loss of -4.49%.
The stock witnessed a 4.74% gain in the last 1 month and extending the period to 3 months gives it a 5.76%, and is -4.91% 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 4.33% over the week and 2.42% over the month.
KeyCorp (KEY) has around 17477 employees, a market worth around $15.35B and $4.82B in sales. Current P/E ratio is 7.99 and Fwd P/E is 7.48. Profit margin for the company is 42.40%. Distance from 52-week low is 14.32% and -35.65% 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”. 23 analysts offering their recommendations for the stock have an average rating of 2.70, where 11 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
KeyCorp is expected to release its quarterly report on 04/20/2023.The EPS is expected to grow by 108.60% this year.
KeyCorp (KEY) Top Institutional Holders
The shares outstanding are 933.33M, and float is at 929.45M with Short Float at 2.13%.
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’sDirector. 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 -27.11% down over the past 12 months and Wells Fargo & Company (WFC) that is -20.96% lower over the same period. Citigroup Inc. (C) is -20.47% down on the 1-year trading charts.