Compass Point Increases KeyCorp Price Target to $14.50 (KEY)
Stock analysts at Compass Point boosted their price target on shares of KeyCorp (NYSE:KEY) from $14.00 to $14.50 in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Compass Point’s target price suggests a potential upside of 21.14% from the stock’s previous close.
KeyCorp (NYSE:KEY) traded down 0.75% on Thursday, hitting $11.97. 6,762,427 shares of the company’s stock traded hands. KeyCorp has a 1-year low of $7.81 and a 1-year high of $12.63. The stock’s 50-day moving average is $12.12 and its 200-day moving average is $10.83. The company has a market cap of $10.909 billion and a P/E ratio of 13.78.
KeyCorp (NYSE:KEY) last released its earnings data on Thursday, July 18th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that KeyCorp will post $0.89 earnings per share for the current fiscal year.
KEY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of KeyCorp (NYSE:KEY) in a research note to investors on Tuesday. They now have a $12.50 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of KeyCorp (NYSE:KEY) from $13.75 to $14.00 in a research note to investors on Friday, September 6th. Finally, analysts at Credit Suisse upgraded shares of KeyCorp (NYSE:KEY) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 5th.
Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.67.
KeyCorp is a bank holding company. It is a bank-based financial services company. KeyCorp is the parent holding company for KeyBank National Association (NYSE:KEY), its principal subsidiary, through which most of its banking services are provided.
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