Keycorp [KEY] Is Currently 0.00 below its 200 Period Moving Avg: What Does This Mean?

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Keycorp [NYSE: KEY] loss 0.00% or 0.0 points to close at $13.93 with a heavy trading volume of 11473132 shares.

The daily chart for KEY points out that the company has recorded 7.48% gains over the past six months.

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If we look at the average trading volume of 12.38M shares, KEY reached to a volume of 11473132 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 $16.71 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 1.88. 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.

Jefferies have made an estimate for Keycorp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 09, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on January 08, 2024, representing the official price target for Keycorp stock. On December 14, 2023, analysts increased their price target for KEY shares from 12 to 16.

The Average True Range (ATR) for Keycorp is set at 0.35, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.09. Price to Free Cash Flow for KEY in the course of the last twelve months was 8.11.

Trading performance analysis for KEY stock

Keycorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.06. With this latest performance, KEY shares dropped by -7.26% in over the last four-week period, additionally plugging by 7.48% over the last 6 months – not to mention a rise of 26.41% 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 37.88, with the RSI for the last a single of trading hit 34.95, and the three-weeks RSI is set at 40.75 for Keycorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 14.77, while it was recorded at 13.94 for the last single week of trading, and 13.25 for the last 200 days.

Keycorp [KEY]: A deeper dive into fundamental analysis

Keycorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.50.

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 18.20%.

An analysis of Institutional ownership at Keycorp [KEY]

The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in KEY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KEY stock with ownership which is approximately 5.8386%.

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