Citigroup slashes price target on Keycorp [KEY] – find out why.

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Keycorp [NYSE: KEY] gained 0.37% on the last trading session, reaching $19.23 price per share at the time.

If compared to the average trading volume of 10.92M shares, KEY reached a trading volume of 7319843 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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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 $19.33 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 2.10. 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.

Citigroup have made an estimate for Keycorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 07, 2024. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $18 to $17. The new note on the price target was released on October 14, 2024, representing the official price target for Keycorp stock. Previously, the target price had yet another drop from $16 to $15, while UBS kept a Neutral rating on KEY stock. On January 09, 2024, analysts increased their price target for KEY shares from 10 to 17.

The Average True Range (ATR) for Keycorp is set at 0.51, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 1.33.

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 -0.10. With this latest performance, KEY shares gained by 10.84% in over the last four-week period, additionally plugging by 26.26% over the last 6 months – not to mention a rise of 59.19% 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 64.94, with the RSI for the last a single of trading hit 66.06, and the three-weeks RSI is set at 63.66 for Keycorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 17.29, while it was recorded at 19.15 for the last single week of trading, and 15.49 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 0.79.

Keycorp [KEY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Keycorp posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.2. 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%.

An analysis of Institutional ownership at Keycorp [KEY]

There are presently around $82.70%, or 82.98%% 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%.