During the recent session, Keycorp (NYSE:KEY)’s traded shares were 1.45 million, with the beta value of the company hitting 1.24. At the last check today, the stock’s price was $17.41, reflecting an intraday gain of 3.38% or $0.57. The 52-week high for the KEY share is $17.39, that puts it up 0.11 from that peak though still a striking 45.43% gain since the share price plummeted to a 52-week low of $9.50. The company’s market capitalization is $16.42B, and the average intraday trading volume over the past 10 days was 7.31 million shares, and the average trade volume was 14.04 million shares over the past three months.
Keycorp (KEY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.95. KEY has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.15.
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Keycorp (NYSE:KEY) trade information
Keycorp (KEY) registered a 3.38% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.38% in intraday trading to $17.41, hitting a weekly high. The stock’s 5-day price performance is 3.75%, and it has moved by 8.14% in 30 days. Based on these gigs, the overall price performance for the year is 64.87%. The short interest in Keycorp (NYSE:KEY) is 14.84 million shares and it means that shorts have 1.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 12.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $26 respectively. As a result, KEY is trading at a discount of -49.34% off the target high and 13.84% off the low.
Keycorp (KEY) estimates and forecasts
Statistics show that Keycorp has outperformed its competitors in share price, compared to the industry in which it operates. Keycorp (KEY) shares have gone up 19.16% during the last six months, with a year-to-date growth rate more than the industry average at -1.82% against -3.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -48.30% this quarter and then jump 36.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.27B as predicted by 13 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 1.7B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.56B and 1.54B respectively. In this case, analysts expect current quarter sales to shrink by -18.40% and then jump by 10.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.34%. While earnings are projected to return -4.49% in 2024, the next five years will return 18.25% per annum.
KEY Dividends
Keycorp is due to release its next quarterly earnings on 2024-Oct-17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Keycorp is 0.82, with the dividend yield indicating at 4.71 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.97%.
Keycorp (NYSE:KEY)’s Major holders
Keycorp insiders own 0.38% of total outstanding shares while institutional holders control 82.79%, with the float percentage being 83.10%. VANGUARD GROUP INC is the largest shareholder of the company, while 1073.0 institutions own stock in it. As of 2024-06-30, the company held over 109.8 million shares (or 11.8107% of all shares), a total value of $1.56 billion in shares.
The next largest institutional holding, with 99.93 million shares, is of BLACKROCK INC.’s that is approximately 10.7485% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.42 billion.
