KeyCorp Sets New 1-Year High at $12.68 (KEY)
KeyCorp (NYSE:KEY) set a new 52-week high during mid-day trading on Friday, American Banking News reports. The stock traded as high as $12.68 and last traded at $12.61, with a volume of 8,030,441 shares. The stock had previously closed at $12.55.
A number of research firms have recently commented on KEY. Analysts at Credit Suisse raised their price target on shares of KeyCorp from $14.00 to $14.50 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. KeyCorp has an average rating of “Hold” and a consensus price target of $11.67.
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 $11.474 billion and a P/E ratio of 14.34.
KeyCorp (NYSE:KEY) last released its earnings data on Wednesday, October 16th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that KeyCorp will post $0.88 EPS 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.
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