KeyCorp (KEY) Rating Reiterated by Vining Sparks

KeyCorp (NYSE:KEY)‘s stock had its “buy” rating reaffirmed by investment analysts at Vining Sparks in a report issued on Thursday. They presently have a $25.00 price target on the financial services provider’s stock. Vining Sparks’ price objective indicates a potential upside of 20.08% from the company’s previous close.

The analysts wrote, “We continue to expect KEY to grow its operating earnings per share by 32% in 2018E, which still remains approximately 8% above the market’s consensus expectations. Therefore, we have maintained our price target at $25 and reaffirmed our rating at “Strong Buy” with a potential 20% total return expected over the next 12 months.””

KEY has been the subject of several other research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. CIBC restated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Barclays upped their target price on shares of KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Citigroup upped their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.74.

KeyCorp (NYSE:KEY) traded down $0.44 during midday trading on Thursday, reaching $20.82. 20,400,000 shares of the company’s stock traded hands, compared to its average volume of 8,830,000. KeyCorp has a 1 year low of $16.28 and a 1 year high of $21.71. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market cap of $22,390.00, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.63 and a beta of 1.09.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. During the same period in the previous year, the business posted $0.31 earnings per share. equities research analysts anticipate that KeyCorp will post 1.37 earnings per share for the current year.

In related news, Director Carlton L. Highsmith sold 7,600 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the sale, the director now directly owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 46,854 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,212 shares of company stock valued at $1,060,508. Company insiders own 0.65% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its stake in KeyCorp by 0.8% during the second quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 150 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in KeyCorp by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 216 shares during the last quarter. Sterling Capital Management LLC lifted its stake in KeyCorp by 1.0% during the second quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after purchasing an additional 757 shares during the last quarter. Moors & Cabot Inc. lifted its stake in KeyCorp by 3.8% during the second quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 1,230 shares during the last quarter. Finally, AXA lifted its stake in KeyCorp by 2.2% during the second quarter. AXA now owns 64,919 shares of the financial services provider’s stock valued at $1,217,000 after purchasing an additional 1,400 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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