In the last trading session, 10.86 million KeyCorp (NYSE:KEY) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $11.37 changed hands at -$0.35 or -2.99% during last session, the market valuation stood at $10.58B. KEY’s last price was a discount, traded about -78.54% off its 52-week high of $20.30. The share price had its 52-week low at $8.53, which suggests the last value was 24.98% up since then. When we look at KeyCorp’s average trading volume, we note the 10-day average is 14.09 million shares, with the 3-month average coming to 16.94 million.
Analysts gave the KeyCorp (KEY) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 3 out of 23 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 7 recommended KEY as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. KeyCorp’s EPS for the current quarter is expected to be $Keysight Technologies Inc.
KeyCorp (NYSE:KEY) trade information
Instantly KEY was in red as seen at the end of in last trading. With action 1.43%, the performance over the past five days has been green. The drop to weekly highs of 11.95 on Monday, 09/18/23 subtracted -2.99% to the stock’s daily price. The company’s shares are showing year-to-date downside of -34.73%, with the 5-day performance at 1.43% in the green. However, in the 30-day time frame, KeyCorp (NYSE:KEY) is 5.47% up. Looking at the short shares, we see there were 49.8 million shares sold at short interest cover period of 3.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is $13.13, meaning bulls need an upside of 13.4% from its current market value. According to analyst projections, KEY’s forecast low is $10.00 with $18.00 as the target high. To hit the forecast high, the stock’s price needs a -58.31% plunge from its current level, while the stock would need to tank 12.05% for it to hit the projected low.
KeyCorp (KEY) estimates and forecasts
Data shows that the KeyCorp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.39% over the past 6 months, a -40.63% in annual growth rate that is considerably lower than the industry average of -0.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.90%. The 2023 estimates are for KeyCorp earnings to decrease by -26.60%, but the outlook for the next 5-year period is at -5.80% per year.
KeyCorp is expected to release its next quarterly earnings report on October 19. The 7.21% annual yield figure for the share gives it an annual dividend of 0.82. It is important to note, however, that the 7.21% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
KeyCorp (NYSE:KEY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.33% of KeyCorp shares while 82.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.86%. There are 82.59% institutions holding the KeyCorp stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.82% of the shares, roughly 110.59 million KEY shares worth $1.02 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.04% or 93.94 million shares worth $867.98 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Undiscovered Managers Behavioral Value Fund. With 29.04 million shares estimated at $268.28 million under it, the former controlled 3.10% of total outstanding shares. On the other hand, Undiscovered Managers Behavioral Value Fund held about 2.66% of the shares, roughly 24.91 million shares worth around $230.19 million.