In yesterday’s Wall Street session, Keycorp (NYSE:KEY) shares traded at $16.70, up 1.89% from the previous session.
KEY stock price is now 13.16% away from the 50-day moving average and 17.36% away from the 200-day moving average. The market capitalization of the company currently stands at $15.75B.
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With the price target reduced from $16 to $15, UBS Downgraded its rating from Buy to Neutral for Keycorp (NYSE: KEY). On January 09, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $10 to quote $17, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Highsmith Carlton L, Director bought 10,000 shares of the company’s stock on Aug 16 ’24. The stock was bought for $161,125 at an average price of $16.11. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Director Highsmith Carlton L sold 7,500 shares of the business’s stock. A total of $113,250 was realized by selling the stock at an average price of $15.10. This leaves the insider owning 53,577 shares of the company worth $0.89 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Keycorp has had a low of $9.50 and a high of $17.09. According to the stock market information, the enterprise value for the company is $38879367168, which is based on a 21.76 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for KEY is $14.813 and a two-hundred day moving average price translates $14.26235 for the stock.
The latest earnings results from Keycorp (NYSE: KEY) was released for 2024-06-30. The net profit margin was 6.74% and return on equity was 6.00% for KEY. The company reported revenue of $2.09 billion for the quarter, compared to $2.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.88 percent. For the current quarter, analysts expect KEY to generate $1.61B in revenue.
