KeyCorp (KEY) Given Average Recommendation of “Hold” by Analysts
Shares of KeyCorp (NYSE:KEY) have earned an average rating of “Hold” from the twenty-five research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.03.
KEY has been the topic of several research reports. Zacks Investment Research raised KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Friday, October 6th. Finally, Sanford C. Bernstein raised KeyCorp from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $21.00 to $22.00 in a research report on Thursday, September 14th.
In related news, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 57,212 shares of company stock worth $1,060,508. Corporate insiders own 0.65% of the company’s stock.
KeyCorp (NYSE KEY) opened at $19.74 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $20,841.25, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.76 and a beta of 1.10. KeyCorp has a 52-week low of $16.28 and a 52-week high of $19.93.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. analysts predict that KeyCorp will post 1.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 27th. KeyCorp’s payout ratio is presently 36.84%.
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KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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