KeyCorp (NYSE:KEY)‘s stock had its “average” rating restated by equities research analysts at CIBC in a research report issued to clients and investors on Monday.
KEY has been the subject of several other research reports. Raymond James reaffirmed a “hold” rating on shares of KeyCorp in a research report on Wednesday, December 19th. Standpoint Research raised KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $19.00 price target on shares of KeyCorp in a research report on Tuesday, December 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a research report on Monday, October 22nd. Finally, Nomura reaffirmed a “reduce” rating and issued a $16.00 price target on shares of KeyCorp in a research report on Monday, December 10th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.01.
Shares of KeyCorp stock opened at $16.36 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.97. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.54 and a beta of 1.19. KeyCorp has a 12 month low of $13.65 and a 12 month high of $22.40.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. KeyCorp had a return on equity of 13.26% and a net margin of 24.74%. During the same quarter in the previous year, the firm earned $0.33 EPS. Sell-side analysts anticipate that KeyCorp will post 1.86 EPS for the current year.
A number of large investors have recently modified their holdings of KEY. JPMorgan Chase & Co. raised its position in KeyCorp by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,176,502 shares of the financial services provider’s stock worth $719,551,000 after buying an additional 9,086,291 shares during the last quarter. Capital World Investors purchased a new position in KeyCorp in the 3rd quarter worth about $157,529,000. FMR LLC grew its stake in shares of KeyCorp by 33.5% during the 3rd quarter. FMR LLC now owns 16,698,961 shares of the financial services provider’s stock valued at $332,143,000 after purchasing an additional 4,186,177 shares during the period. Schroder Investment Management Group grew its stake in shares of KeyCorp by 418.2% during the 2nd quarter. Schroder Investment Management Group now owns 3,086,919 shares of the financial services provider’s stock valued at $60,504,000 after purchasing an additional 2,491,167 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of KeyCorp by 14.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,968,275 shares of the financial services provider’s stock valued at $337,498,000 after purchasing an additional 2,198,538 shares during the period. 79.96% of the stock is owned by institutional investors and hedge funds.
KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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