A share price of Keycorp [KEY] is currently trading at $15.02, up 3.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KEY shares have gain 6.22% over the last week, with a monthly amount glided 4.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Keycorp [NYSE: KEY] stock has seen the most recent analyst activity on January 09, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $17 from $10. On December 20, 2023, upgrade upgraded it’s rating to Overweight. Wells Fargo reiterated its Overweight rating and increased its price target to $16 on December 14, 2023. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $15 on November 06, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on October 04, 2023. In a note dated September 15, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $12 to $13.50.
Keycorp experienced fluctuations in its stock price throughout the past year between $8.53 and $18.56. Currently, Wall Street analysts expect the stock to reach $23.82 within the next 12 months. Keycorp [NYSE: KEY] shares were valued at $15.02 at the most recent close of the market. An investor can expect a potential return of 58.59% based on the average KEY price forecast.
Analyzing the KEY fundamentals
Trailing Twelve Months sales for Keycorp [NYSE:KEY] were 10.33B which represents 13.48% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.66%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.60 points at the first support level, and at 14.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.31, and for the 2nd resistance point, it is at 15.60.
Keycorp [KEY] reported earnings per share of $0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.02 and a surprise factor of 8.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.29 per share as compared to estimates of $0.27 per share, a difference of $0.02 representing a surprise of 7.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Keycorp [NYSE:KEY] is 0.40. Considering the valuation of this stock, the price to sales ratio is 1.36, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 16.99.
Transactions by insiders
Recent insider trading involved Gavrity Kenneth C, Head of Commercial Bank, that happened on Feb 16 when 2376.0 shares were sold. Chief Accounting Officer, Schosser Douglas M completed a deal on Feb 15 to sell 3326.0 shares. Meanwhile, Director, Corporate Center Evans Trina M sold 12335.0 shares on Feb 12.
