Keycorp (NYSE:KEY) price on Thursday, June 12, fall -0.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.11.
A look at the stock’s price movement, the close in the last trading session was $16.23. Turning to its 52-week performance, $20.04 and $12.73 were the 52-week high and 52-week low respectively. Overall, KEY moved -3.07% over the past month.
Keycorp’s market cap currently stands at around $17.66 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.82, with its dividend yield at 5.09%. 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 1.81B for the company’s revenue for the quarter, with a low and high estimate of 1.78B and 1.85B respectively. The average forecast suggests up to a 18.41% 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 59.07% 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 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 0.34% and 5.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.59, while 7-day volatility ratio is 0.55% and 1.36% in the 30-day chart. Further, Keycorp (KEY) has a beta value of 1.07, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $17 and high of $18. Looking at the price targets, the low is -5.52% off current price level while to achieve the yearly target high, price needs to move -11.73%. Nonetheless, investors will most likely welcome a -8.63% jump to $17.5 which is the analysts’ median price.
If we refocus on Keycorp (NYSE:KEY), historical trading data shows that trading volumes averaged 14.72 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 73.63% of the company’s shares. Current price change has pushed the stock -6.01% 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.
