KeyCorp Price Target Cut to $15.00 (KEY)
Analysts at Guggenheim lowered their target price on shares of KeyCorp (NYSE:KEY) from $16.00 to $15.00 in a research report issued to clients and investors on Monday, AR Network reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target suggests a potential upside of 31.58% from the company’s current price.
KeyCorp (NYSE:KEY) traded up 0.35% during mid-day trading on Monday, hitting $11.40. 10,269,206 shares of the company’s stock traded hands. KeyCorp has a 52 week low of $7.81 and a 52 week high of $12.63. The stock’s 50-day moving average is $11. and its 200-day moving average is $11.01. The company has a market cap of $10.389 billion and a price-to-earnings ratio of 12.98.
KeyCorp (NYSE:KEY) last announced its earnings results 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. Analysts expect that KeyCorp will post $0.89 EPS for the current fiscal year.
KEY has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of KeyCorp (NYSE:KEY) from $14.00 to $14.50 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of KeyCorp (NYSE:KEY) in a research note to investors on Tuesday, September 10th. They now have a $12.50 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. KeyCorp currently has an average rating of “Hold” and a consensus target price of $11.63.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.