Wedbush lifts KeyCorp [KEY] price estimate. Who else is bullish?

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KeyCorp [NYSE: KEY] traded at a low on 07/11/22, posting a -0.46 loss after which it closed the day’ session at $17.41. The company report on July 7, 2022 that YWCA Receives Support From Keybank Foundation To Provide Digital Literacy and Internet Access to Low-Income Women.


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KeyBank Foundation’s $200,000 grant advances digital equity to YWCA Women’s Residence and others throughout Westchester County.

The results of the trading session contributed to over 7255146 shares changing hands. Over the past one week, the price volatility of KeyCorp stands at 2.36% while the volatility over the past one month is 3.03%.

The market cap for KEY stock reached $16.35 billion, with 931.06 million shares outstanding and 926.81 million shares in the current float. Compared to the average trading volume of 10.35M shares, KEY reached a trading volume of 7255146 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $24.44 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 Neutral, with their previous recommendation back on June 30, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $23 to $20.50. The new note on the price target was released on May 02, 2022, representing the official price target for KeyCorp stock. Previously, the target price had yet another raise from $23 to $27, while Wells Fargo kept a Overweight rating on KEY stock. On April 11, 2022, analysts decreased their price target for KEY shares from 220 to 195.

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 3.75. 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 2.40. Price to Free Cash Flow for KEY in the course of the last twelve months was 11.29.

How has KEY stock performed recently?

KeyCorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.51. With this latest performance, KEY shares dropped by -9.89% in over the last four-week period, additionally sinking by -32.86% over the last 6 months – not to mention a drop of -13.68% 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 42.53, with the RSI for the last a single of trading hit 44.23, and the three-weeks RSI is set at 41.56 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 18.55, while it was recorded at 17.43 for the last single week of trading, and 22.30 for the last 200 days.

KeyCorp [KEY]: Deeper insight into the 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.

Earnings analysis for KeyCorp [KEY]

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 0.90%.

Insider trade positions for KeyCorp [KEY]

There are presently around $13,393 million, or 84.80% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 111,201,600, which is approximately 1.163% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 83,576,728 shares of the stock with an approximate value of $1.46 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.45 billion in KEY stock with ownership of nearly -0.019% of the company’s market capitalization.

Positions in KeyCorp stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 457 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 46,904,598 shares. Additionally, 312 investors decreased positions by around 45,488,130 shares, while 150 investors held positions by with 676,860,319 shares. The mentioned changes placed institutional holdings at 769,253,047 shares, according to the latest SEC report filing. KEY stock had 97 new institutional investments in for a total of 3,852,502 shares, while 69 institutional investors sold positions of 5,120,834 shares during the same period.

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