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Keycorp (KEY) Analysis & Forecast for 2024

Keycorp (NYSE: KEY) is -0.76% lower on its value in year-to-date trading and has touched a low of $9.46 and a high of $15.86 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 $14.03 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $14.29, the stock is 3.57% and -0.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.56 million and changing 1.85% at the moment leaves the stock 5.89% off its SMA200. KEY registered 49.01% gain for a year compared to 6-month loss of -2.39%.

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The stock witnessed a 2.58% gain in the last 1 month and extending the period to 3 months gives it a -7.51%, and is 0.49% up 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 2.37% over the week and 2.41% over the month.

Current P/E ratio is 18.23 and Fwd P/E is 8.82. Profit margin for the company is 6.91%. Distance from 52-week low is 51.06% and -9.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.07%).

The EPS is expected to shrink by -1.40% this year.

Keycorp (KEY) Top Institutional Holders

The shares outstanding are 942.86M, and float is at 938.80M with Short Float at 3.88%.

Keycorp (KEY) Insider Activity

The most recent transaction is an insider sale by Highsmith Carlton L,the company’sDirector. SEC filings show that Highsmith Carlton L sold 7,500 shares of the company’s common stock on Mar 08 ’24 at a price of $15.10 per share for a total of $0.11 million. Following the sale, the insider now owns 53577.0 shares.

Keycorp disclosed in a document filed with the SEC on Feb 16 ’24 that Gavrity Kenneth C (Head of Commercial Bank) sold a total of 2,376 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $14.03 per share for $33335.0. Following the transaction, the insider now directly holds 98120.0 shares of the KEY stock.

Still, SEC filings show that on Feb 15 ’24, Schosser Douglas M (Chief Accounting Officer) disposed off 3,326 shares at an average price of $14.00 for $46564.0. The insider now directly holds 19,795 shares of Keycorp (KEY).

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