Keycorp (NYSE: KEY) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 1.11B common shares owned by the public and among those 1.10B shares have been available to trade.

The company’s stock has a 5-day price change of -3.50% and 3.40% over the past three months. KEY shares are trading 3.03% year to date (YTD), with the 12-month market performance up to 22.30% higher. It has a 12-month low price of $13.10 and touched a high of $20.04 over the same period. KEY has an average intraday trading volume of 10.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.48%, -2.57%, and 8.68% respectively.

Institutional ownership of Keycorp (NYSE: KEY) shares accounts for 84.01% of the company’s 1.11B shares outstanding.

It has a market capitalization of $19.55B and a beta (3y monthly) value of 1.25. The earnings-per-share (ttm) stands at -$0.30. The company has a debt-to-equity ratio at 0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 2.34% over the month.

Analysts forecast that Keycorp (KEY) will achieve an EPS of 0.33 for the current quarter, 0.37 for the next quarter and 1.74 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.28 while analysts give the company a high EPS estimate of 0.28. Comparatively, EPS for the current quarter was 0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 29.64%, and 17.97% over the next financial year.

Looking at the support for the KEY, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on November 07, 2024, with the firm’s price target at $19. Robert W. Baird coverage for the Keycorp (KEY) stock in a research note released on October 14, 2024 offered a Neutral rating with a price target of $17. UBS was of a view on July 08, 2024 that the stock is Neutral, while Jefferies gave the stock Buy rating on January 09, 2024, issuing a price target of $10- $17. Raymond James on their part issued Mkt Perform rating on January 08, 2024.

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