KeyCorp (NYSE:KEY) Stock Has Consensus Price Target of $48.83 According to Analysts

KeyCorp (NYSE:KEY) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.33.

Several brokerages have issued reports on KEY. Evercore reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of KeyCorp in a research report on Thursday, October 1st. TD Cowen began coverage on shares of KeyCorp in a research report on Thursday, October 8th. They set a “buy” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of KeyCorp from $24.50 to $23.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, Royal Bank Of Canada boosted their price target on KeyCorp from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd.

Institutional Investors Weigh In On KeyCorp

Several hedge funds and other institutional investors have recently bought and sold shares of KEY. MCF Advisors LLC grew its holdings in shares of KeyCorp by 31.6% during the fourth quarter. MCF Advisors LLC now owns 1,898 shares of the financial services provider’s stock valued at $39,000 after buying an additional 456 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KeyCorp by 5.4% during the first quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 522 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of KeyCorp by 1.7% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 32,493 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 556 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of KeyCorp by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 26,258 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 567 shares during the last quarter. Finally, CX Institutional lifted its position in KeyCorp by 4.6% in the 2nd quarter. CX Institutional now owns 13,346 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 581 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Price Performance

KEY stock opened at $19.91 on Wednesday. The firm has a market cap of $21.24 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 0.84. KeyCorp has a 1 year low of $16.47 and a 1 year high of $24.07. The stock has a 50-day simple moving average of $21.44 and a 200-day simple moving average of $21.82.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. KeyCorp had a return on equity of 11.23% and a net margin of 17.83%. KeyCorp’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts predict that KeyCorp will post 1.83 earnings per share for the current fiscal year.

About KeyCorp

KeyCorp (NYSE:KEY) is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, the company provides banking and financial services to individuals, families, businesses, institutions and government entities.

KeyBank’s offerings include consumer and business deposit accounts, residential and commercial lending, mortgage and home equity products, credit cards, payments services, treasury management, wealth management and investment services.