Keycorp (KEY) stock forecast: Can it reach its 52-week high of $15.86

A share price of Keycorp [KEY] is currently trading at $15.21, up 0.53%. 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 9.03% over the last week, with a monthly amount glided 13.34%, 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 July 08, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $15 from $16. Previously, Jefferies upgraded its rating to Buy on January 09, 2024, and elevated its price target to $17. On January 08, 2024, Raymond James initiated with a Mkt Perform rating. Stephens upgraded its rating to a Overweight. Wells Fargo reiterated its recommendation of a Overweight and raised its price target to $16 on December 14, 2023. Keefe Bruyette upgraded its rating to Outperform for this stock on November 06, 2023, and upped its price target to $15. In a note dated October 04, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.

Keycorp experienced fluctuations in its stock price throughout the past year between $9.50 and $15.86. Currently, Wall Street analysts expect the stock to reach $20.75 within the next 12 months. Keycorp [NYSE: KEY] shares were valued at $15.21 at the most recent close of the market. An investor can expect a potential return of 36.42% based on the average KEY price forecast.

Analyzing the KEY fundamentals

Trailing Twelve Months sales for Keycorp [NYSE:KEY] were 10.57B which represents 10.25% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.49%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.06 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.

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 15.01 points at the first support level, and at 14.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.38, and for the 2nd resistance point, it is at 15.55.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Keycorp [NYSE:KEY] is 0.50. Considering the valuation of this stock, the price to sales ratio is 1.36, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 19.41.

Transactions by insiders

Recent insider trading involved Highsmith Carlton L, Director, that happened on Mar 08 ’24 when 7500.0 shares were sold. Head of Commercial Bank, Gavrity Kenneth C completed a deal on Feb 16 ’24 to sell 2376.0 shares. Meanwhile, Chief Accounting Officer Schosser Douglas M sold 3326.0 shares on Feb 15 ’24.

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