In yesterday’s Wall Street session, Keycorp (NYSE:KEY) shares traded at $16.24, down -3.04% from the previous session.
KEY stock price is now 0.70% away from the 50-day moving average and 8.90% away from the 200-day moving average. The market capitalization of the company currently stands at $15.32B.
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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, Brady Amy G., Chief Information Officer sold 42,535 shares of the company’s stock on Aug 29 ’24. The stock was sold for $719,692 at an average price of $16.92. Upon completion of the transaction, the Chief Information Officer now directly owns 82,648 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, Officer Brady Amy G. bought 42,535 shares of the business’s stock. A total of $719,786 was incurred on buying the stock at an average price of $16.92. A total of 0.41% 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 $17.39. According to the stock market information, the enterprise value for the company is $38445498368, which is based on a 21.16 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for KEY is $16.1362 and a two-hundred day moving average price translates $14.9247 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.
