Wolfe Research slashes price target on KeyCorp [KEY] – find out why.

KeyCorp [NYSE: KEY] gained 3.68% on the last trading session, reaching $12.39 price per share at the time.

KeyCorp represents 976.00 million in outstanding shares, while the company has a total market value of $12.13 billion with the latest information. KEY stock price has been found in the range of $11.89 to $12.40.

If compared to the average trading volume of 11.25M shares, KEY reached a trading volume of 8549454 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about KeyCorp [KEY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KEY shares is $13.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KEY stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for KeyCorp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 31, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for KeyCorp stock. Previously, the target price had yet another drop from $15 to $12, while BofA Securities kept a Underperform rating on KEY stock.

The Average True Range (ATR) for KeyCorp is set at 0.42, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 2.41. Price to Free Cash Flow for KEY in the course of the last twelve months was 8.79.

Trading performance analysis for KEY stock

KeyCorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.40. With this latest performance, KEY shares gained by 1.14% in over the last four-week period, additionally sinking by -31.32% over the last 6 months – not to mention a drop of -22.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KEY stock in for the last two-week period is set at 50.02, with the RSI for the last a single of trading hit 52.32, and the three-weeks RSI is set at 51.24 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 12.29, while it was recorded at 12.13 for the last single week of trading, and 14.74 for the last 200 days.

KeyCorp [KEY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and KeyCorp [KEY] shares currently have an operating margin of +26.81. KeyCorp’s Net Margin is presently recorded at +22.25.

Return on Total Capital for KEY is now 6.53, given the latest momentum, and Return on Invested Capital for the company is 6.15. Return on Equity for this stock inclined to 10.00, with Return on Assets sitting at 1.20. When it comes to the capital structure of this company, KeyCorp [KEY] has a Total Debt to Total Equity ratio set at 79.47. Additionally, KEY Total Debt to Total Capital is recorded at 44.28, with Total Debt to Total Assets ending up at 9.85. Long-Term Debt to Equity for the company is recorded at 67.14, with the Long-Term Debt to Total Capital now at 37.41.

KeyCorp [KEY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, KeyCorp posted 0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KEY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for KeyCorp go to -12.60%.

An analysis of insider ownership at KeyCorp [KEY]

There are presently around $9,806 million, or 86.20% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 113,504,181, which is approximately -3.887% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 84,824,986 shares of the stock with an approximate value of $1.05 billion in KEY stocks shares; and STATE STREET CORP, currently with $594.8 million in KEY stock with ownership of nearly -0.027% of the company’s market capitalization.

Positions in KeyCorp stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 302 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 90,816,106 shares. Additionally, 425 investors decreased positions by around 83,277,037 shares, while 89 investors held positions by with 617,391,663 shares. The mentioned changes placed institutional holdings at 791,484,806 shares, according to the latest SEC report filing. KEY stock had 87 new institutional investments in for a total of 40,797,988 shares, while 108 institutional investors sold positions of 14,593,569 shares during the same period.

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