While Keycorp has underperformed by -0.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KEY rose by 38.84%, with highs and lows ranging from $20.04 to $12.94, whereas the simple moving average jumped by 16.02% in the last 200 days.
On November 07, 2024, Citigroup Downgraded Keycorp (NYSE: KEY) to Neutral. A report published by Robert W. Baird on October 14, 2024, Downgraded its rating to ‘Neutral’ for KEY. UBS also Downgraded KEY shares as ‘Neutral’, setting a target price of $15 on the company’s shares in a report dated July 08, 2024. Jefferies January 09, 2024d the rating to Buy on January 09, 2024, and set its price target from $10 to $17. Raymond James initiated its ‘Mkt Perform’ rating for KEY, as published in its report on January 08, 2024. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Keycorp (KEY)
A return on investment can be expected regardless of KEY’s performance over the next quarter with the dividend set at $0.82 per share. Further, the quarter-over-quarter decrease in sales is -28.82%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Keycorp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.97% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and KEY is recording an average volume of 9.40M. On a monthly basis, the volatility of the stock is set at 1.94%, whereas on a weekly basis, it is put at 2.26%, with a loss of -2.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.93, showing growth from the present price of $18.41, 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?
A leading company in the Banks – Regional sector, Keycorp (KEY) is 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 1673.64, there is a growth in quarterly earnings of -263.99%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 0.41%. 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 82.24% 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 82.24% at present.
