KeyCorp [KEY] stock Upgrade by Wedbush analyst, price target now $25

KeyCorp [NYSE: KEY] plunged by -$0.58 during the normal trading session on Friday and reaching a high of $20.285 during the day while it closed the day at $19.93. The company report on June 18, 2021 that KeyCorp To Host An Investor Meeting In New York City.

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KeyCorp (NYSE: KEY) announced that it will host an investor meeting in New York City on Tuesday, March 1, 2022 at 8:30 a.m. ET. Chairman and Chief Executive Officer Chris Gorman and other members of Key’s senior leadership team will discuss the company’s strategy, performance, and outlook.

Attendance in person is for institutional investors and analysts, by invitation only. For those not in attendance, a live audio webcast and presentation materials will be available at www.key.com/ir. Presentation slides will be posted on KeyCorp’s website prior to the event. If you are unable to join, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations.

KeyCorp stock has also loss -9.16% of its value over the past 7 days. However, KEY stock has declined by -2.26% in the 3 months of the year. Over the past six months meanwhile, it has gained 26.46% and gained 21.45% year-on date.

The market cap for KEY stock reached $19.91 billion, with 964.88 million shares outstanding and 963.71 million shares in the current float. Compared to the average trading volume of 8.34M shares, KEY reached a trading volume of 14752803 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 $23.10 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.

Wedbush have made an estimate for KeyCorp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2021. The new note on the price target was released on March 03, 2021, representing the official price target for KeyCorp stock.

The Average True Range (ATR) for KeyCorp is set at 0.64, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 4.40. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for KEY in the course of the last twelve months was 26.54.

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 -9.16. With this latest performance, KEY shares dropped by -12.97% in over the last four-week period, additionally plugging by 26.46% over the last 6 months – not to mention a rise of 46.76% 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 26.72, with the RSI for the last a single of trading hit 18.69, and the three-weeks RSI is set at 33.83 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 22.00, while it was recorded at 21.11 for the last single week of trading, and 17.79 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 +21.46. KeyCorp’s Net Margin is presently recorded at +18.33.

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 62.23, with the Long-Term Debt to Total Capital now at 29.98.

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 $15,632 million, or 82.50% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 109,671,066, which is approximately 1.129% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 80,681,828 shares of the stock with an approximate value of $1.61 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.39 billion in KEY stock with ownership of nearly 2.189% 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 381 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 55,748,467 shares. Additionally, 305 investors decreased positions by around 60,889,197 shares, while 117 investors held positions by with 667,684,221 shares. The mentioned changes placed institutional holdings at 784,321,885 shares, according to the latest SEC report filing. KEY stock had 101 new institutional investments in for a total of 11,077,445 shares, while 55 institutional investors sold positions of 2,581,352 shares during the same period.

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