KeyCorp [KEY] gain 22.91% so far this year. What now?

KeyCorp [NYSE: KEY] gained 3.97% or 0.77 points to close at $20.17 with a heavy trading volume of 7708524 shares. The company report on July 8, 2021 that KeyBank Names Jennifer Eastes as Head of Environmental, Social, Governance.

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CLEVLAND –News Direct– KeyBank.

CLEVLAND, July 8, 2021 /3BL Media/ – KeyBank announced that Jennifer Eastes has joined as Head of Environmental, Social, Governance (ESG).

It opened the trading session at $19.88, the shares rose to $20.21 and dropped to $19.69, the range by which the price of stock traded the whole day. The daily chart for KEY points out that the company has recorded 9.09% gains over the past six months. However, it is still -85.73% lower than its most recent low trading price.

If we look at the average trading volume of 7.33M shares, KEY reached to a volume of 7708524 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 $23.16 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.

Keefe Bruyette have made an estimate for KeyCorp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 07, 2021. While these analysts kept the previous recommendation, Wedbush raised their target price from $23 to $25. The new note on the price target was released on April 26, 2021, representing the official price target for KeyCorp stock. Previously, the target price had yet another raise to $20.50, while Piper Sandler analysts kept a Neutral rating on KEY stock.

The Average True Range (ATR) for KeyCorp is set at 0.55, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 4.16. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for KEY in the course of the last twelve months was 25.10.

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 -3.45. With this latest performance, KEY shares dropped by -9.39% in over the last four-week period, additionally plugging by 9.09% over the last 6 months – not to mention a rise of 82.86% 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 41.32, with the RSI for the last a single of trading hit 42.36, and the three-weeks RSI is set at 42.28 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 21.95, while it was recorded at 20.05 for the last single week of trading, and 18.34 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 +23.09. KeyCorp’s Net Margin is presently recorded at +18.33.

Return on Total Capital for KEY is now 5.17, 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.

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

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%.

An analysis of insider ownership at KeyCorp [KEY]

There are presently around $15,818 million, or 82.60% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 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 $1.63 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.41 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 July and at the time of the July reporting period, where 380 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 55,665,304 shares. Additionally, 297 investors decreased positions by around 60,697,752 shares, while 115 investors held positions by with 667,893,404 shares. The mentioned changes placed institutional holdings at 784,256,460 shares, according to the latest SEC report filing. KEY stock had 97 new institutional investments in for a total of 10,927,241 shares, while 51 institutional investors sold positions of 2,559,111 shares during the same period.

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