KeyCorp Price Target Raised to $14.50 at Credit Suisse (KEY)
Stock analysts at Credit Suisse upped 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 an “outperform” rating on the stock. Credit Suisse’s target price points to a potential upside of 15.58% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of KeyCorp from $11.00 to $12.00 in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at ISI Group initiated coverage on shares of KeyCorp in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of KeyCorp from $16.00 to $15.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.67.
Shares of KeyCorp (NYSE:KEY) traded up 3.34% on Thursday, hitting $12.545. 15,742,807 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 $11.73 and its 200-day moving average is $11.16. The company has a market cap of $11.433 billion and a price-to-earnings ratio of 13.87.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $1.04 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 down 4.8% on a year-over-year basis. On average, analysts predict that KeyCorp will post $0.88 earnings per share for the current fiscal year.
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.