Keycorp (NYSE:KEY) saw an upside of 0.19% to close Monday at $10.63 after adding $0.02 on the day. The 5-day average trading volume is 12,922,440 shares of the company’s common stock. It has gained $11.57 in the past week and touched a new high 2 times within the past 5 days. An average of 13,238,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,657,056.
KEY’s 1-month performance is -2.21% or -$0.25 on its low of $10.47 reached on 09/25/23. The company’s shares have touched a 52-week low of $8.53 and high of $20.30, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, KEY has lost -38.98% or -$6.79 and has reached a new high 9 times. However, the current price is down -47.64% from the 52-week high price.
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Insider Transactions
KEY stock investors last saw insider trading activity on Aug 10.Brady Amy G. (Chief Information Officer) most recently sold 12,627 shares at $9.92 per share on May 26. This transaction cost the insider $125,260. Chief Information Officer, Brady Amy G., sold 12,388 shares at a price of $10.11 on May 25. Then, on Mar 10, Chief Information Officer Brady Amy G. sold 45,000 shares at a price of $15.58 per share. This transaction amounted to $701,100.
Valuation Metrics
KEY stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.06 while the price-to-book (PB) in the most recent quarter is 0.88, with the price to cash flow ratio at 1.98.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.59, while the total debt to equity was 2.22. The firm’s gross profit as reported stood at $4.53 billion against revenue of $5.41 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected KEY to announce $0.31 per share in earnings in its latest quarter, but it posted $0.27, representing a -12.90% surprise. Shareholders hold equity totaling $935.92 million.
Let’s look briefly at Keycorp (KEY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 35.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.47%.
The stock’s 5-day moving average is $10.85, reflecting a -6.51% or -$0.74 change from its current price. KEY is currently trading -2.30% above its 20-day SMA, +9.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.63% and SMA200 by-38.05%.
Stochastic %K and %D was 7.85% and 14.49% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 40.79%, while the 14-day stochastic is at 10.77% with the period’s ATR at 0.40. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Keycorp (NYSE: KEY), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for KEY stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate KEY as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 12 have offered a “buy” rating.
What is KEY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $18.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Keycorp (KEY) stock is $13.13.
