Market Analysts see KeyCorp [KEY] falling to $20.50. Time to buy?

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KeyCorp [NYSE: KEY] stock went on a downward path that fall over -1.84% on Monday, amounting to a one-week price decrease of less than -1.49%. The company report on May 9, 2022 that KeyBank Acquires Fintech GradFin.

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Over the last 12 months, KEY stock dropped by -16.46%. The one-year KeyCorp stock forecast points to a potential upside of 24.22. The average equity rating for KEY stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $18.10 billion, with 922.94 million shares outstanding and 916.80 million shares in the current float. Compared to the average trading volume of 9.86M shares, KEY stock reached a trading volume of 8980374 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 $25.31 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 2.60. 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 Underweight, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $23 to $27. The new note on the price target was released on April 11, 2022, representing the official price target for KeyCorp stock. Previously, the target price had yet another drop from $220 to $195, while Jefferies kept a Hold rating on KEY 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 4.15. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 2.39. Price to Free Cash Flow for KEY in the course of the last twelve months was 12.50.

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 -1.49. With this latest performance, KEY shares dropped by -7.48% in over the last four-week period, additionally sinking by -19.00% over the last 6 months – not to mention a drop of -16.46% 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 33.69, with the RSI for the last a single of trading hit 32.49, and the three-weeks RSI is set at 35.14 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 21.96, while it was recorded at 19.70 for the last single week of trading, and 22.69 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 +42.72. KeyCorp’s Net Margin is presently recorded at +35.29.

Return on Equity for this stock inclined to 14.76, with Return on Assets sitting at 1.46.

KEY Stock EPS

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 0.53%.

KeyCorp [KEY] Insider Position Details

There are presently around $14,779 million, or 85.80% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 109,923,407, which is approximately -2.498% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 83,634,140 shares of the stock with an approximate value of $1.6 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.6 billion in KEY stock with ownership of nearly 8.597% of the company’s market capitalization.

Positions in KeyCorp stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 442 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 36,839,582 shares. Additionally, 309 investors decreased positions by around 45,705,595 shares, while 149 investors held positions by with 688,013,442 shares. The mentioned changes placed institutional holdings at 770,558,619 shares, according to the latest SEC report filing. KEY stock had 108 new institutional investments in for a total of 4,242,806 shares, while 63 institutional investors sold positions of 3,633,120 shares during the same period.