Sunday, April 11, 2021

KeyCorp [KEY] Stock trading around $19.26 per share: What’s Next?

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KeyCorp [NYSE: KEY] stock went on a downward path that fall over 0.00% on Wednesday, amounting to a one-week price decrease of less than -5.50%. The company report on March 12, 2021 that KeyBank Announces $40B Investment In Communities Including Affordable Housing, Economic Inclusion, And Climate Change Funding Commitments.

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KeyBank Surpassed Initial $16.5 Billion Economic Inclusion Commitment In 2020, One Year Early.

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KeyBank Receives 10th Consecutive “Outstanding” Rating On CRA Exam.

Over the last 12 months, KEY stock rose by 97.13%. The one-year KeyCorp stock forecast points to a potential upside of 5.59. The average equity rating for KEY stock is currently 2.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $18.96 billion, with 968.24 million shares outstanding and 965.26 million shares in the current float. Compared to the average trading volume of 8.68M shares, KEY stock reached a trading volume of 9785447 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on KeyCorp [KEY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KEY shares is $20.40 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.

Piper Sandler have made an estimate for KeyCorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 03, 2021. The new note on the price target was released on December 21, 2020, representing the official price target for KeyCorp stock. Previously, the target price had yet another raise to $14, while Wedbush analysts kept a Neutral rating on KEY stock.

The Average True Range (ATR) for KeyCorp is set at 0.72, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 4.05. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 2.49. Price to Free Cash Flow for KEY in the course of the last twelve months was 24.28.

KEY Stock Performance Analysis:

KeyCorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.50. With this latest performance, KEY shares dropped by -7.18% in over the last four-week period, additionally plugging by 64.05% over the last 6 months – not to mention a rise of 97.13% 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 41.87, with the RSI for the last a single of trading hit 33.92, and the three-weeks RSI is set at 46.86 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 19.42, while it was recorded at 19.91 for the last single week of trading, and 15.00 for the last 200 days.

Insight into KeyCorp Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and KeyCorp [KEY] shares currently have an operating margin of +21.49. KeyCorp’s Net Margin is presently recorded at +18.35.

Return on Total Capital for KEY is now 4.81, given the latest momentum, and Return on Invested Capital for the company is 4.66. 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 85.64. Additionally, KEY Total Debt to Total Capital is recorded at 46.13, with Total Debt to Total Assets ending up at 8.98. Long-Term Debt to Equity for the company is recorded at 62.21, with the Long-Term Debt to Total Capital now at 29.97.


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 Position Details

There are presently around $15,252 million, or 83.60% 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 0.30% of the total institutional ownership; BLACKROCK INC., holding 82,430,583 shares of the stock with an approximate value of $1.59 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.32 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 349 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 49,627,974 shares. Additionally, 323 investors decreased positions by around 59,344,385 shares, while 100 investors held positions by with 682,931,266 shares. The mentioned changes placed institutional holdings at 791,903,625 shares, according to the latest SEC report filing. KEY stock had 98 new institutional investments in for a total of 9,241,112 shares, while 64 institutional investors sold positions of 3,605,781 shares during the same period.

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