Keycorp (NYSE:KEY) price on current trading day, fall -1.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.91.
A look at the stock’s price movement, the level at last check in today’s session was $16.09, moving within a range at $15.87 and $16.13. The beta value (5-Year monthly) was 1.25. Turning to its 52-week performance, $20.04 and $13.10 were the 52-week high and 52-week low respectively. Overall, KEY moved -9.47% over the past month.
Keycorp’s market cap currently stands at around $17.59 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-20. The company has a Forward Dividend ratio of 0.82, with its dividend yield at 5.15%. 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 1.79B respectively. The average forecast suggests up to a 15.28% 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 7.35B, representing a 59.17% 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 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -1.17% and -6.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.00, while 7-day volatility ratio is 2.34% and 3.30% in the 30-day chart. Further, Keycorp (KEY) has a beta value of 1.05, and an average true range (ATR) of 0.50. 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 -0.57% off recent price level in today’s trading while to achieve the yearly target high, it has to move -25.71%. Nonetheless, investors will most likely welcome a -19.42% jump to $19 which is the analysts’ median price.
If we refocus on Keycorp (NYSE:KEY), historical trading data shows that trading volumes averaged 14.83 over the past 10 days and 12.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.11 billion shares.
The 0.37% of Keycorp’s shares are in the hands of company insiders while institutional holders own 85.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 25.14 million on 2025-02-28, giving us a short ratio of 2.21. The data shows that as of 2025-02-28 short interest in Keycorp (KEY) stood at 280.99999 of shares outstanding, with shares short rising to 21.62 million registered in 2025-01-31. Current price change has pushed the stock -7.15% 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.
