Goldman Sachs Increases KeyCorp Price Target to $15.50 (KEY)
Equities research analysts at Goldman Sachs lifted their price target on shares of KeyCorp (NYSE:KEY) from $15.00 to $15.50 in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ target price would suggest a potential upside of 8.32% from the company’s current price.
KeyCorp (NYSE:KEY) opened at 14.40 on Monday. KeyCorp has a 52-week low of $11.05 and a 52-week high of $14.70. The stock has a 50-day moving average of $13.87 and a 200-day moving average of $13.56. The company has a market cap of $12.720 billion and a price-to-earnings ratio of 13.98.
KeyCorp (NYSE:KEY) last posted its quarterly 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 last year, the company posted $0.21 earnings per share. KeyCorp’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that KeyCorp will post $1.05 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of KeyCorp to $15.00 in a research note on Thursday, June 19th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of KeyCorp in a research note on Monday, June 9th. They now have a $15.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of KeyCorp in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.63.
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.
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