KeyCorp PT Raised to $15.00 (KEY)
Investment analysts at FBR Capital Markets raised their price objective on shares of KeyCorp (NYSE:KEY) from $14.00 to $15.00 in a note issued to investors on Friday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 10.13% from the company’s current price.
A number of other analysts have also recently weighed in on KEY. Analysts at Citigroup Inc. initiated coverage on shares of KeyCorp in a research note on Thursday, July 3rd. They set a “neutral” rating on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of KeyCorp from $15.00 to $15.50 in a research note on Monday, June 30th. They now have a “neutral” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.83.
Shares of KeyCorp (NYSE:KEY) opened at 13.62 on Friday. KeyCorp has a 1-year low of $11.05 and a 1-year high of $14.70. The stock’s 50-day moving average is $14.16 and its 200-day moving average is $13.65. The company has a market cap of $12.031 billion and a price-to-earnings ratio of 13.83.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that KeyCorp will post $1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd 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, August 28th.
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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