The stock of KeyCorp (NYSE:KEY) decreased by -$0.54 on Monday to finish at $11.02, down -4.67 percent. The last five days have seen an average of 11,700,340 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$6.40. The average number of shares traded over the last 20 days was 18,906,811, while the average volume over the last 50 days totaled 19,044,080.
KEY stock appreciated 8.46% since last month. On 07/17/23, the company’s shares reached a one-month low of $10.09. The stock touched a high of $20.30 on 02/02/23, after rallying from a low of $8.53 in 52 weeks. The price of KEY stock has declined by -36.74% or -$6.40 this year, reaching a new high 9 times. Still, the stock price is down -45.71% from the 52-week high.
Insider Transactions
KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 5 days ago on Aug 10. On Aug 10, Director Rankin Devina A acquired 10,000 shares at $11.49 each. This transaction resulted in the insider spending $114,900. On May 26, Brady Amy G. sold 12,627 shares at a price of US$9.92. After the transaction, the insider now owns 94,106 shares. Chief Information Officer Brady Amy G. had earlier sold 12,388 shares on May 25 for $10.11 a share. The transaction was completed for $125,243.
Valuation Metrics
KeyCorp (KEY) has a trailing price-to-earnings (P/E) ratio of 7.37. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.48, the price-to-book (PB) ratio of 0.90, and the price-to-cash flow ratio of 2.13.
Company paid $0.2050 per share in dividends, remained unchanged from $0.2050 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.95, and the total debt to equity ratio is 1.95. KeyCorp’s operating margin stood at 54.70% for the same period. Based on annual data, it had gross profit of $4.53 billion and revenue of $5.41 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KEY’s return on assets (ROA) during the last 12 months has been 0.70%. There was a 11.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
According to KeyCorp’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that KeyCorp’s quarterly earnings would be $0.27, but it ended up being $0.31, beating the consensus by -12.90%. At the end of KeyCorp’s most recent quarter ended June 29, its total debt was $32.27 billion. Equity owned by shareholders amounts to $935.92 million.
Technical Picture
Here’s a quick look at KeyCorp’s (KEY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 36.44%, suggesting the stock is Neutral, with a 29.69% historical volatility rate.
The stochastic %K and %D were 10.60% and 16.10% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 2.88%, the RSI (14) reading is 45.10%. On the 9-day MACD Oscillator, the stock is at -0.34, and the 14-day reading is at -0.55.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on KeyCorp (NYSE: KEY) to a Neutral. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned KeyCorp (KEY) an Overweight rating. KEY is a stock that is recommended for selling by 2 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is KEY’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $18.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for KeyCorp (KEY) is $13.06.
