KeyCorp [KEY] is 31.26% higher this YTD. Is it still time to buy?

KeyCorp [NYSE: KEY] surged by $0.79 during the normal trading session on Wednesday and reaching a high of $21.56 during the day while it closed the day at $21.54. The company report on February 23, 2021 that Survey Reveals Young Americans Prefer A Hybrid Digital and Human Banking Experience.

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Millennials and Gen Zers more often report wanting the help of a banking professional powered by technology.

The majority (85%) of Americans say they will use digital tools to conduct some or all financial transactions after the COVID-19 pandemic, according to the KeyBank 2020 Financial Resiliency Survey. However, Millennials and Gen Zers (those under age 35) prefer a combination of digital and in-person banking more often than older Americans, who would rather exclusively use digital banking tools—a surprising discovery for technology-forward younger generations.

KeyCorp stock has also gained 9.23% of its value over the past 7 days. However, KEY stock has inclined by 40.51% in the 3 months of the year. Over the past six months meanwhile, it has gained 73.85% and gained 31.26% year-on date.

The market cap for KEY stock reached $20.33 billion, with 975.77 million shares outstanding and 970.60 million shares in the current float. Compared to the average trading volume of 8.16M shares, KEY reached a trading volume of 9451671 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $19.63 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 2.90. 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.

Wells Fargo have made an estimate for KeyCorp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 21, 2020. The new note on the price target was released on October 26, 2020, representing the official price target for KeyCorp stock.

The Average True Range (ATR) for KeyCorp is set at 0.57, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 4.34. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 2.45. Price to Free Cash Flow for KEY in the course of the last twelve months was 14.72.

KEY stock trade performance evaluation

KeyCorp [KEY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.23. With this latest performance, KEY shares gained by 21.15% in over the last four-week period, additionally plugging by 73.85% over the last 6 months – not to mention a rise of 19.40% 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 77.79, with the RSI for the last a single of trading hit 83.80, and the three-weeks RSI is set at 73.53 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 17.80, while it was recorded at 20.48 for the last single week of trading, and 14.11 for the last 200 days.

KeyCorp [KEY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and KeyCorp [KEY] shares currently have an operating margin of +19.27. KeyCorp’s Net Margin is presently recorded at +18.56.

Return on Total Capital for KEY is now 4.31, given the latest momentum, and Return on Invested Capital for the company is 4.37. Return on Equity for this stock inclined to 7.59, with Return on Assets sitting at 0.84. When it comes to the capital structure of this company, KeyCorp [KEY] has a Total Debt to Total Equity ratio set at 81.69. Additionally, KEY Total Debt to Total Capital is recorded at 44.96, with Total Debt to Total Assets ending up at 8.62. Long-Term Debt to Equity for the company is recorded at 85.25, with the Long-Term Debt to Total Capital now at 41.96.

Earnings per share (EPS) analysis for KeyCorp [KEY] stock

With the latest financial reports released by the company, KeyCorp posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -33.30%. 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 11.40%.

KeyCorp [KEY]: Insider Ownership positions

There are presently around $16,809 million, or 83.80% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 108,446,804, which is approximately -1.249% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 82,430,583 shares of the stock with an approximate value of $1.78 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.48 billion in KEY stock with ownership of nearly 10.669% of the company’s market capitalization.

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Positions in KeyCorp stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 345 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 47,321,866 shares. Additionally, 323 investors decreased positions by around 59,488,468 shares, while 100 investors held positions by with 673,570,158 shares. The mentioned changes placed institutional holdings at 780,380,492 shares, according to the latest SEC report filing. KEY stock had 95 new institutional investments in for a total of 8,876,966 shares, while 63 institutional investors sold positions of 3,708,650 shares during the same period.

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