KeyCorp (NYSE:KEY) Price Target Raised to $25.00 at Evercore ISI

KeyCorp (NYSE:KEY) had its target price hoisted by investment analysts at Evercore ISI from $21.00 to $25.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 17.48% from the company’s current price.

Several other research analysts have also recently commented on the company. Citigroup reissued a “neutral” rating on shares of KeyCorp in a research note on Wednesday, December 31st. The Goldman Sachs Group increased their price objective on shares of KeyCorp from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada increased their target price on KeyCorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KeyCorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price objective on KeyCorp from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.28.

KeyCorp Stock Down 0.4%

Shares of NYSE KEY opened at $21.28 on Tuesday. KeyCorp has a 52 week low of $12.73 and a 52 week high of $21.74. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $19.11 and its 200 day moving average is $18.55. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 0.52 and a beta of 1.09.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The business’s quarterly revenue was up 172.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.47) EPS. On average, equities research analysts expect that KeyCorp will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KEY. Kingsview Wealth Management LLC grew its stake in shares of KeyCorp by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 21,255 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 568 shares in the last quarter. Dakota Wealth Management raised its holdings in KeyCorp by 2.2% in the 2nd quarter. Dakota Wealth Management now owns 27,374 shares of the financial services provider’s stock valued at $477,000 after acquiring an additional 586 shares in the last quarter. Bryn Mawr Trust Advisors LLC lifted its holdings in KeyCorp by 4.8% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 13,363 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 608 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of KeyCorp by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,912 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 627 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of KeyCorp by 2.9% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,412 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 639 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

KeyCorp Company Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.