KeyCorp (NYSE:KEY) : The most positive equity analysts on KeyCorp (NYSE:KEY) expects the shares to touch $16, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $14.08 with an expected fluctuation of $1.04 from the mean.
KeyCorp. has lost 7.84% in the last five trading days and dropped 14.27% in the last 4 weeks. KeyCorp. is up 1.39% in the last 3-month period. Year-to-Date the stock performance stands at -15.08%. Also, Brokerage firm Morgan Stanley assumes its rating on KeyCorp (NYSE:KEY). In a research note issued to the investors, the brokerage major announces price-target of $13.5 per share.The shares have been rated Equal-weight. The rating by the firm was issued on April 12, 2016.
KeyCorp (NYSE:KEY) : 17 analysts are covering KeyCorp (NYSE:KEY) and their average rating on the stock is 2.24, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. KeyCorp (NYSE:KEY) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
KeyCorp (NYSE:KEY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.03 and $10.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.05, notching a gain of 2.13% for the day. The total traded volume was 23,249,009 . The stock had closed at $10.82 on the previous day.
In an insider trading activity, Cooley Charles P, director of Keycorp /New/, executed a transaction worth $62,050 on May 23, 2016. A total of 5,000 shares were purchased at an average price of $12.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.