Keycorp (NYSE:KEY) price on Thursday, February 06, rose 0.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.95.
A look at the stock’s price movement, the close in the last trading session was $17.85, moving within a range at $17.7701 and $18.03. The beta value (5-Year monthly) was 1.231. Turning to its 52-week performance, $20.04 and $13.10 were the 52-week high and 52-week low respectively. Overall, KEY moved 3.28% over the past month.
Keycorp’s market cap currently stands at around $19.87 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.82, with its dividend yield at 4.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.77B for the company’s revenue for the quarter, with a low and high estimate of 1.74B and 1.8B respectively. The average forecast suggests up to a 15.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.38B, representing a 59.78% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KEY is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 9 recommend KEY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KEY’s current price about 1.73% and 0.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.73, while 7-day volatility ratio is 2.07% and 2.37% in the 30-day chart. Further, Keycorp (KEY) has a beta value of 1.25, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $16 and high of $20. Looking at the price targets, the low is 10.86% off current price level while to achieve the yearly target high, price needs to move -11.42%. Nonetheless, investors will most likely welcome a -5.85% jump to $19 which is the analysts’ median price.
If we refocus on Keycorp (NYSE:KEY), historical trading data shows that trading volumes averaged 12.62 over the past 10 days and 11.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.11 billion shares.
The 0.39% of Keycorp’s shares are in the hands of company insiders while institutional holders own 84.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.53 million on 2024-12-31, giving us a short ratio of 1.89. The data shows that as of 2024-12-31 short interest in Keycorp (KEY) stood at 206.99999999999997 of shares outstanding, with shares short rising to 15.86 million registered in 2024-11-29. Current price change has pushed the stock 4.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KEY stock continues to rise going into the next quarter.
