KeyCorp (NYSE:KEY) PT Lowered to $39.00

Share on StockTwits

KeyCorp (NYSE:KEY) had its price target lowered by TD Securities from $42.00 to $39.00 in a research report sent to investors on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the financial services provider’s stock.

KEY has been the subject of a number of other research reports. UBS Group increased their target price on KeyCorp from $21.00 to $22.00 and gave the company a buy rating in a report on Thursday, October 3rd. Robert W. Baird lowered KeyCorp from an outperform rating to a neutral rating and set a $19.00 target price for the company. in a report on Wednesday. Deutsche Bank lowered KeyCorp from a buy rating to a hold rating and set a $19.00 target price for the company. in a report on Friday, October 25th. Nomura set a $18.00 target price on KeyCorp and gave the company a hold rating in a report on Friday, July 26th. Finally, Piper Jaffray Companies set a $19.00 target price on KeyCorp and gave the company a buy rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. KeyCorp has an average rating of Hold and an average target price of $24.89.

Shares of KEY traded up $0.06 during mid-day trading on Thursday, reaching $19.36. The company’s stock had a trading volume of 6,369,510 shares, compared to its average volume of 10,636,943. The business has a fifty day moving average of $17.90 and a 200 day moving average of $17.31. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 2.62 and a beta of 1.29. KeyCorp has a 1 year low of $13.65 and a 1 year high of $19.48. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.95.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, analysts predict that KeyCorp will post 1.8 earnings per share for the current year.

In other KeyCorp news, CEO Beth E. Mooney sold 437,737 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $18.28, for a total transaction of $8,001,832.36. Following the transaction, the chief executive officer now directly owns 1,662,612 shares of the company’s stock, valued at $30,392,547.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Paul N. Harris sold 173,777 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $18.50, for a total transaction of $3,214,874.50. Following the transaction, the general counsel now directly owns 78,811 shares in the company, valued at $1,458,003.50. The disclosure for this sale can be found here. Insiders sold 657,271 shares of company stock worth $12,049,355 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new stake in KeyCorp during the third quarter valued at about $35,000. Cordasco Financial Network bought a new stake in KeyCorp during the third quarter valued at about $43,000. Manchester Financial Inc. bought a new stake in KeyCorp during the second quarter valued at about $46,000. Coastal Capital Group Inc. bought a new stake in KeyCorp during the second quarter valued at about $50,000. Finally, CSat Investment Advisory L.P. boosted its holdings in KeyCorp by 202.9% during the second quarter. CSat Investment Advisory L.P. now owns 3,087 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 2,068 shares during the period. 80.01% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

Read More: Why does the United States have a lingering trade deficit?

Analyst Recommendations for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.