KeyCorp Now Covered by Sterne Agee (KEY)
Equities research analysts at Sterne Agee started coverage on shares of KeyCorp (NYSE:KEY) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of KeyCorp (NYSE:KEY) opened at 13.63 on Friday. KeyCorp has a one year low of $10.24 and a one year high of $14.70. The stock’s 50-day moving average is $13.50 and its 200-day moving average is $13.36. The company has a market cap of $12.039 billion and a P/E ratio of 13.22.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, April 17th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that KeyCorp will post $1.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Tuesday, May 27th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, May 22nd. This is an increase from KeyCorp’s previous quarterly dividend of $0.06.
A number of other firms have also recently commented on KEY. Analysts at Nomura initiated coverage on shares of KeyCorp in a research note on Wednesday, May 14th. They set a “neutral” rating and a $14.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of KeyCorp in a research note on Thursday, April 24th. They now have a $14.50 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of KeyCorp in a research note on Tuesday, April 22nd. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.43.
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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