Odeon slashes price target on KeyCorp [KEY] – find out why.

KeyCorp [NYSE: KEY] plunged by -$0.12 during the normal trading session on Monday and reaching a high of $20.305 during the day while it closed the day at $19.54. The company report on July 27, 2021 that KeyBank Foundation Helps Fight Food Insecurity in Northeast Ohio with $1.5 Million Grant to Greater Cleveland Food Bank.

Northampton, MA –News Direct– KeyBank.

CLEVELAND, July 27, 2021 /3BLMedia/ – The KeyBank Foundation is making a $1.5 million donation to the Greater Cleveland Food Bank (GCFB) to help in its mission to bridge the meal gap and connect individuals with nutritious food and related services. Funding will go toward the GCFB’s expansion project, which includes construction of a new facility on Coit Road in Collinwood. The new building will help the GCFB reach both individuals in need and more than 1,000 partner organizations it serves in Northeast Ohio. The GCFB will also repurpose its existing facility on South Waterloo Road to connect clients with vital social services aimed at addressing and alleviating the root causes of food insecurity.

KeyCorp stock has also gained 0.98% of its value over the past 7 days. However, KEY stock has declined by -11.18% in the 3 months of the year. Over the past six months meanwhile, it has gained 13.87% and gained 19.07% year-on date.

The market cap for KEY stock reached $19.17 billion, with 964.88 million shares outstanding and 963.70 million shares in the current float. Compared to the average trading volume of 7.34M shares, KEY reached a trading volume of 7903023 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 $23.16 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.

Odeon have made an estimate for KeyCorp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 19, 2021. The new note on the price target was released on July 16, 2021, representing the official price target for KeyCorp stock. Previously, the target price had yet another raise to $21, while Keefe Bruyette analysts kept a Mkt Perform rating on KEY stock. On April 26, 2021, analysts increased their price target for KEY shares from 23 to 25.

The Average True Range (ATR) for KeyCorp is set at 0.62, 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 1.20, with the Price to Cash per share for the same quarter was set at 2.42. Price to Free Cash Flow for KEY in the course of the last twelve months was 24.54.

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 0.98. With this latest performance, KEY shares dropped by -6.46% in over the last four-week period, additionally plugging by 13.87% over the last 6 months – not to mention a rise of 62.70% 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 44.89, with the RSI for the last a single of trading hit 47.20, and the three-weeks RSI is set at 44.18 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 20.92, while it was recorded at 19.60 for the last single week of trading, and 18.91 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 +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.

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

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 $15,347 million, or 87.90% 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 $1.58 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.37 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 393 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 57,706,212 shares. Additionally, 277 investors decreased positions by around 59,325,009 shares, while 124 investors held positions by with 668,404,590 shares. The mentioned changes placed institutional holdings at 785,435,811 shares, according to the latest SEC report filing. KEY stock had 93 new institutional investments in for a total of 11,233,208 shares, while 36 institutional investors sold positions of 2,254,305 shares during the same period.

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