While Keycorp has overperformed by 2.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KEY fell by -18.68%, with highs and lows ranging from $18.56 to $8.53, whereas the simple moving average jumped by 23.48% in the last 200 days.
On January 09, 2024, Jefferies Upgraded Keycorp (NYSE: KEY) to Buy. A report published by Raymond James on January 08, 2024, Initiated its previous ‘Mkt Perform’ rating for KEY. Wells Fargo Reiterated the rating as Overweight on December 14, 2023, but set its price target from $12 to $16. Keefe Bruyette November 06, 2023d its ‘Mkt Perform’ rating to ‘Outperform’ for KEY, as published in its report on November 06, 2023. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of Keycorp (KEY)
Investors in Keycorp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.82 per share. Further, the quarter-over-quarter increase in sales is 13.48%, showing a positive trend in the upcoming months.
One of the most important indicators of Keycorp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 6.86% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and KEY is recording 17.24M average volume. On a monthly basis, the volatility of the stock is set at 3.09%, whereas on a weekly basis, it is put at 2.68%, with a gain of 6.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.82, showing growth from the present price of $14.58, which can serve as yet another indication of whether KEY is worth investing in or should be passed over.
How Do You Analyze Keycorp Shares?
The Banks – Regional market is dominated by Keycorp (KEY) based in the USA. When comparing Keycorp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.49, there is a growth in quarterly earnings of -91.58%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KEY shares are owned by institutional investors to the tune of 80.74% at present.
