KeyCorp [NYSE: KEY] stock went on an upward path that rose over 6.02% on Friday, amounting to a one-week price decrease of less than -4.91%. The company report on January 20, 2023 that Utah Food Bank Receives $100,000 Grant From KeyBank To Support Culturally Responsive Food Initiative.
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KeyBank (NYSE:KEY) has awarded a $100,000 grant to Utah Food Bank to create an infrastructure that allows the organization to identify, track and distribute culturally appropriate foods to Salt Lake City communities in need, and eventually, state-wide.
Since its founding in 1904 under the name of Salt Lake Charity Association, Utah Food Bank has remained committed to serving Utah citizens in need. The organization delivers food, free of charge, to 230 food pantry partners throughout the state.
Over the last 12 months, KEY stock dropped by -31.85%. The one-year KeyCorp stock forecast points to a potential upside of 15.34. The average equity rating for KEY stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $15.35 billion, with 933.33 million shares outstanding and 929.45 million shares in the current float. Compared to the average trading volume of 11.05M shares, KEY stock reached a trading volume of 19074260 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 $20.60 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 Buy, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, Barclays raised their target price from $21 to $24. The new note on the price target was released on January 03, 2023, representing the official price target for KeyCorp stock. Previously, the target price had yet another raise to $20, while DA Davidson analysts kept a Buy rating on KEY stock. On December 13, 2022, analysts decreased their price target for KEY shares from 18.50 to 17.
The Average True Range (ATR) for KeyCorp is set at 0.53, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 3.18. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 3.47. Price to Free Cash Flow for KEY in the course of the last twelve months was 7.49.
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 -4.91. With this latest performance, KEY shares gained by 4.74% in over the last four-week period, additionally sinking by -4.49% over the last 6 months – not to mention a drop of -31.85% 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 47.45, with the RSI for the last a single of trading hit 46.75, and the three-weeks RSI is set at 47.97 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 17.93, while it was recorded at 17.47 for the last single week of trading, and 18.21 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 +28.70. KeyCorp’s Net Margin is presently recorded at +23.51.
Return on Equity for this stock inclined to 12.38, with Return on Assets sitting at 1.01.
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 0.72%.
KeyCorp [KEY] Insider Position Details
There are presently around $13,514 million, or 85.70% 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 $1.47 billion in KEY stocks shares; and STATE STREET CORP, currently with $892.95 million in KEY stock with ownership of nearly 4.916% of the company’s market capitalization.
Positions in KeyCorp stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 424 institutional holders increased their position in KeyCorp [NYSE:KEY] by around 48,523,176 shares. Additionally, 326 investors decreased positions by around 53,685,048 shares, while 132 investors held positions by with 672,691,424 shares. The mentioned changes placed institutional holdings at 774,899,648 shares, according to the latest SEC report filing. KEY stock had 70 new institutional investments in for a total of 2,511,931 shares, while 72 institutional investors sold positions of 6,303,355 shares during the same period.