Keycorp (NYSE:KEY) has a beta value of 1.24 and has seen 11.79 million shares traded in the last trading session. The company, currently valued at $16.41B, closed the last trade at $17.40 per share which meant it gained $0.18 on the day or 1.05% during that session. The KEY stock price is -0.4% off its 52-week high price of $17.47 and 45.4% above the 52-week low of $9.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.39 million shares traded. The 3-month trading volume is 13.98 million shares.
The consensus among analysts is that Keycorp (KEY) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.15.
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Keycorp (NYSE:KEY) trade information
Sporting 1.05% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the KEY stock price touched $17.40 or saw a rise of 0.4%. Year-to-date, Keycorp shares have moved 20.83%, while the 5-day performance has seen it change 3.76%. Over the past 30 days, the shares of Keycorp (NYSE:KEY) have changed 8.14%. Short interest in the company has seen 14.84 million shares shorted with days to cover at 1.22.
Wall Street analysts have a consensus price target for the stock at $19.5, which means that the shares’ value could jump 10.77% from current levels. The projected low price target is $15.0 while the price target rests at a high of $26.0. In that case, then, we find that the current price level is -49.43% off the targeted high while a plunge would see the stock lose 13.79% from current levels.
Keycorp (KEY) estimates and forecasts
Figures show that Keycorp shares have outperformed across the wider relevant industry. The company’s shares have gained 20.58% over the past 6 months, with this year growth rate of -1.82%, compared to -3.70% for the industry. Revenue growth from the last financial year stood is estimated to be -5.30%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.27B for the current quarter. 14 have an estimated revenue figure of 1.7B for the next ending quarter. Year-ago sales stood 1.56B and 1.54B respectively for this quarter and the next, and analysts expect sales will shrink by -18.40% for the current quarter and -5.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -12.34% over the past 5 years. Earnings growth for 2024 is a modest -4.49% while over the next 5 years, the company’s earnings are expected to increase by 18.25%.
KEY Dividends
Keycorp is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.82 at a share yield of 4.71%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.97%.
Keycorp (NYSE:KEY)’s Major holders
Insiders own 0.38% of the company shares, while shares held by institutions stand at 82.78% with a share float percentage of 83.10%. Investors are also buoyed by the number of investors in a company, with Keycorp having a total of 1073.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 109.8 million shares worth more than $1.56 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.8107% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 99.93 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.42 billion and represent 10.7485% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.14% shares in the company for having 29.66 shares of worth $516.13 million while later fund manager owns 24.2 shares of worth $421.05 million as of Jun 30, 2024 , which makes it owner of about 2.57% of company’s outstanding stock.
