Keycorp (KEY) stock forecast: Can it reach its 52-week high of $17.39

Keycorp [KEY] stock is trading at $16.37, up 0.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KEY shares have lost -1.09% over the last week, with a monthly amount drifted -0.55%, and not 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 [KEY] stock has fluctuated between $9.50 and $17.39 over the past year. Currently, Wall Street analysts expect the stock to reach $19.66 within the next 12 months. Keycorp [NYSE: KEY] shares were valued at $16.37 at the most recent close of the market. An investor can expect a potential return of 20.1% based on the average KEY price forecast.

Analyzing the KEY fundamentals

Keycorp [NYSE:KEY] reported sales of 10.66B for the trailing twelve months, which represents a growth of 3.38%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.06 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.

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 16.08 points at the first support level, and at 15.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.52, and for the 2nd resistance point, it is at 16.67.

Ratios To Look Out For

For context, Keycorp’s Current Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 21.33.

Transactions by insiders

Recent insider trading involved Brady Amy G., Chief Information Officer, that happened on Aug 29 ’24 when 42535.0 shares were sold. Officer, Brady Amy G. completed a deal on Aug 29 ’24 to buy 42535.0 shares. Meanwhile, Director Highsmith Carlton L sold 10000.0 shares on Aug 16 ’24.

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