KeyCorp [KEY] fell -17.86% so far this year. What now?

KeyCorp [NYSE: KEY] loss -4.19% or -0.83 points to close at $19.00 with a heavy trading volume of 12101851 shares. The company report on November 11, 2022 that KeyBank Honors Veterans.

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Today, Chris Gorman, Chairman, Chief Executive Officer and President, KeyCorp, posted the following message to LinkedIn:

Each year, Veterans Day provides an opportunity to honor and celebrate the heroic contributions of our military members. The month of November also marks Military Family Appreciation Month, recognizing the significant sacrifices made by the loved ones of those who serve. Today, I’d like to extend a sincere thank you to all veterans and their families, with special recognition of our many KeyBank veterans, military spouses, and military families. You have both my deep admiration and steadfast support – thank you for your many sacrifices.

The daily chart for KEY points out that the company has recorded 2.54% gains over the past six months.

If we look at the average trading volume of 10.94M shares, KEY reached to a volume of 12101851 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 $20.57 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 September 28, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $26 to $20. The new note on the price target was released on June 30, 2022, representing the official price target for KeyCorp stock. Previously, the target price had yet another drop from $23 to $20.50, while Piper Sandler kept a Underweight rating on KEY stock. On April 11, 2022, analysts increased their price target for KEY shares from 23 to 27.

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 3.61. The Price to Book ratio for the last quarter was 1.63, with the Price to Cash per share for the same quarter was set at 3.34. Price to Free Cash Flow for KEY in the course of the last twelve months was 8.49.

Trading performance analysis for KEY stock

KeyCorp [KEY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.66. With this latest performance, KEY shares gained by 15.29% in over the last four-week period, additionally plugging by 2.54% over the last 6 months – not to mention a drop of -21.13% 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 60.30, with the RSI for the last a single of trading hit 60.92, and the three-weeks RSI is set at 58.52 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 17.34, while it was recorded at 18.90 for the last single week of trading, and 19.69 for the last 200 days.

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 0.72%.

An analysis of insider ownership at KeyCorp [KEY]

There are presently around $14,837 million, or 86.40% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 108,811,610, which is approximately 0.563% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 84,008,314 shares of the stock with an approximate value of $1.6 billion in KEY stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $972.62 million in KEY stock with ownership of nearly -38.455% of the company’s market capitalization.

420 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 47,745,419 shares. Additionally, 337 investors decreased positions by around 58,071,540 shares, while 134 investors held positions by with 675,074,584 shares. The mentioned changes placed institutional holdings at 780,891,543 shares, according to the latest SEC report filing. KEY stock had 70 new institutional investments in for a total of 3,519,679 shares, while 80 institutional investors sold positions of 5,723,091 shares during the same period.


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