KeyCorp [KEY] Revenue clocked in at $4.68 billion, up 20.90% YTD: What’s Next?

KeyCorp [NYSE: KEY] closed the trading session at $19.84 on 04/20/21. The day’s price range saw the stock hit a low of $19.75, while the highest price level was $20.38. The company report on April 20, 2021 that KeyCorp Reports Record First Quarter 2021 Net Income Of $591 Million, Or $.61 Per Diluted Common Share.

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Positive operating leverage compared to the year-ago quarter.

Record first quarter revenue, up 19% from year-ago quarter, driven by broad-based strength in fees.

The stocks have a year to date performance of 20.90 percent and weekly performance of -3.12 percent. The stock has been moved at 53.44 percent over the last six months. The stock has performed -2.70 percent around the most recent 30 days and changed 6.95 percent over the most recent 3-months.

If compared to the average trading volume of 9.30M shares, KEY reached to a volume of 12725828 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 $21.95 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 0.59, 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 1.19, with the Price to Cash per share for the same quarter was set at 2.56. Price to Free Cash Flow for KEY in the course of the last twelve months was 24.29.

KEY stock trade performance evaluation

KeyCorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.12. With this latest performance, KEY shares dropped by -2.70% in over the last four-week period, additionally plugging by 53.44% over the last 6 months – not to mention a rise of 81.52% 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 44.44, with the RSI for the last a single of trading hit 38.83, and the three-weeks RSI is set at 47.89 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 20.25, while it was recorded at 20.47 for the last single week of trading, and 15.66 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 +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.

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

With the latest financial reports released by the company, KeyCorp posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 112.50%. 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 $15,662 million, or 84.40% 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 $1.64 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.36 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 April and at the time of the April reporting period, where 359 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 49,588,164 shares. Additionally, 311 investors decreased positions by around 59,303,185 shares, while 100 investors held positions by with 680,528,510 shares. The mentioned changes placed institutional holdings at 789,419,859 shares, according to the latest SEC report filing. KEY stock had 104 new institutional investments in for a total of 9,602,748 shares, while 65 institutional investors sold positions of 3,598,384 shares during the same period.

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