KeyCorp (NYSE:KEY) had its target price lifted by equities research analysts at DA Davidson to $26.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price objective indicates a potential upside of 22.87% from the stock’s previous close. DA Davidson also issued estimates for KeyCorp’s Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.70 EPS and FY2019 earnings at $1.87 EPS.
Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research note on Thursday, October 19th. CIBC reiterated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Vining Sparks reiterated a “buy” rating and issued a $25.00 price objective on shares of KeyCorp in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. KeyCorp presently has an average rating of “Buy” and a consensus target price of $21.98.
Shares of KeyCorp (NYSE:KEY) traded up $0.34 during trading on Friday, reaching $21.16. 13,327,544 shares of the company’s stock traded hands, compared to its average volume of 8,950,000. KeyCorp has a twelve month low of $16.28 and a twelve month high of $21.71. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. The firm has a market cap of $22,760.00, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.31 EPS. equities analysts forecast that KeyCorp will post 1.64 EPS for the current year.
In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the transaction, the insider now directly owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth R. Gile bought 1,374 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average cost of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the acquisition, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Over the last three months, insiders sold 57,212 shares of company stock worth $1,060,508. Insiders own 0.65% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC grew its holdings in shares of KeyCorp by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 150 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of KeyCorp by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 216 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of KeyCorp by 1.0% during the 2nd quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after purchasing an additional 757 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of KeyCorp by 3.8% during the 2nd quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 1,230 shares during the last quarter. Finally, AXA grew its holdings in shares of KeyCorp by 2.2% during the 2nd quarter. AXA now owns 64,919 shares of the financial services provider’s stock valued at $1,217,000 after purchasing an additional 1,400 shares during the last quarter. 81.01% of the stock is currently owned by institutional investors.
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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.