KeyCorp (NYSE:KEY) Price Target Increased to $16.00 by Analysts at Royal Bank of Canada

KeyCorp (NYSE:KEY) had its price target hoisted by Royal Bank of Canada from $15.00 to $16.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley increased their price objective on shares of KeyCorp from $12.00 to $16.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Jefferies Financial Group increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a buy rating in a research report on Monday, April 8th. Wedbush reduced their target price on shares of KeyCorp from $16.00 to $14.00 and set a neutral rating for the company in a research report on Friday, January 19th. Wells Fargo & Company increased their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Finally, DA Davidson reduced their target price on shares of KeyCorp from $17.00 to $16.00 and set a buy rating for the company in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, KeyCorp currently has a consensus rating of Moderate Buy and an average price target of $15.71.

KeyCorp Trading Up 0.1 %

NYSE:KEY opened at $14.64 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 18.53 and a beta of 1.29. KeyCorp has a 52 week low of $8.53 and a 52 week high of $15.86. The firm has a 50-day moving average price of $14.70 and a two-hundred day moving average price of $13.46.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. On average, equities analysts expect that KeyCorp will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other KeyCorp news, CAO Douglas M. Schosser sold 3,326 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,795 shares of the company’s stock, valued at approximately $277,130. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,442 shares of company stock valued at $303,914. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of KeyCorp during the 4th quarter valued at $26,000. Sound Income Strategies LLC raised its position in shares of KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,836 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of KeyCorp during the 3rd quarter valued at $28,000. First United Bank & Trust purchased a new stake in shares of KeyCorp during the 4th quarter valued at $29,000. Finally, Baldwin Brothers LLC MA purchased a new stake in shares of KeyCorp during the 4th quarter valued at $35,000. 79.69% of the stock is owned by institutional investors.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.