For Keycorp [KEY], Analyst sees a drop to $17. What next?

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Keycorp [NYSE: KEY] closed the trading session at $17.04.

The stocks have a year to date performance of 18.33 percent and weekly performance of -2.91 percent. The stock has been moved at 12.62 percent over the last six months. The stock has performed 1.55 percent around the most recent 30 days and changed 19.50 percent over the most recent 3-months.

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If compared to the average trading volume of 12.33M shares, KEY reached to a volume of 8129961 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $18.83 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 2.00. 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.

Robert W. Baird have made an estimate for Keycorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $16 to $15. The new note on the price target was released on July 08, 2024, representing the official price target for Keycorp stock. Previously, the target price had yet another raise from $10 to $17, while Jefferies kept a Buy rating on KEY stock.

The Average True Range (ATR) for Keycorp is set at 0.41, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 1.12. Price to Free Cash Flow for KEY in the course of the last twelve months was 12.62.

KEY stock trade performance evaluation

Keycorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.91. With this latest performance, KEY shares gained by 1.55% in over the last four-week period, additionally plugging by 12.62% over the last 6 months – not to mention a rise of 55.05% 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 49.63, with the RSI for the last a single of trading hit 45.43, and the three-weeks RSI is set at 51.80 for Keycorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 16.80, while it was recorded at 17.27 for the last single week of trading, and 15.26 for the last 200 days.

Keycorp [KEY]: An insightful look at the core fundamentals

Keycorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.79.

Earnings per share (EPS) analysis for Keycorp [KEY] stock

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 18.36%.

Keycorp [KEY]: Institutional Ownership

There are presently around $78.84%, or 79.12%% of KEY stock, in the hands of institutional investors. The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 109.8 million shares, which is approximately 11.8107%. BLACKROCK INC., holding 99.93 million shares of the stock with an approximate value of $$1.42 billion in KEY stocks shares; and BLACKROCK INC., currently with $$786.22 million in KEY stock with ownership which is approximately 5.9513%.