KeyCorp (NYSE:KEY) finished Thursday with a subtraction of -$0.55 to close at $16.58, a downside of -3.21 percent. An average of 12,232,260 shares of common stock have been traded in the last five days. There was a fall of -$1.49 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 10,027,390 shares traded, while the 50-day average volume stands at 9,905,910.
KEY stock has decreased by -11.67% in the last month. The company shares reached their 1-month lowest point of $16.50 on 09/22/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $16.41 and a high of $27.17 in 52 weeks. It has reached a new high 9 times so far this year and lost -28.32% or -$6.55 in price. In spite of this, the price is down -38.98% from the 52-week high.
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9 days have passed since KeyCorp (KEY) last reported insider trading activity. Highsmith Carlton L, who is Director, most recently acquired $5,200 shares at $17.59 per share on Sep 14. In this transaction, the insider spent $91,468. Director, Highsmith Carlton L, disposed of 5,362 shares at a price of $22.86 on Mar 07. The insider now owns more than $122,575 worth of shares. Prior to that, Head of Digital Banking Warder Jamie went on to Sale 9,632 shares at $24.80 each on Feb 28. An amount of $238,874 was transacted.
KeyCorp (KEY) has a trailing price-to-earnings (P/E) ratio of 7.27. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.54, the price-to-book (PB) ratio at 1.22, and the price-to-cash flow ratio at 17.25.
The company has a payout ratio of 33.30%. The company’s most recent quarterly dividend payment was $0.1950 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday November 18 2021.
Further, the company has a long term debt to equity ratio of 1.33 and a total debt to equity ratio of 1.33 for the quarter ending June 29. Its gross profit as reported stood at $4.07 billion compared to revenue of $4.37 billion.
For the three-month period that ended June 29, KeyCorp had $16.62 billion in total debt. The analyst consensus anticipated KeyCorp’s latest quarter earnings to come in at $0.52 per share, but it turned out to be $0.54, a 3.80% surprise. At the end of the quarter ending June 29, KeyCorp’s stock balance sheet showed total debt was $23.59 billion. Shareholders own equity worth $932.66 million.
From a technical analysis perspective, let’s take a brief look at KeyCorp (KEY) price momentum. RSI 9-day as of the close on 22 September was 29.20%, suggesting the stock is oversold, with historical volatility in this time frame at 33.60%.
As of today, KEY’s price is $17.37 -8.25% or -$1.49 from its 5-day moving average. KEY is currently trading -11.57% lower than its 20-day SMA and -14.14% lower than its 100-day SMA. However, the stock’s current price level is -2.41% below the SMA50 and -28.10% below the SMA200.
The stochastic %K and %D were 20.87% and 26.55%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 3.13% and the average true range at 0.56, the RSI (14) stands at 34.49%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -0.70.
Wedbush downgraded KeyCorp (NYSE: KEY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for KeyCorp (KEY) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell KEY, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is KEY’s price target for the next 12 months?
Analysts predict a range of price targets between $17.00 and $29.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for KeyCorp (KEY) stock is $21.26.