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.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Morgan Stanley assumes its outlook on KeyCorp (NYSE:KEY). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm announces the price target at $13.5 per share. The rating by the firm was issued on April 12, 2016.
KeyCorp (NYSE:KEY): stock turned positive on Thursday. Though the stock opened at $11.76, the bulls momentum made the stock top out at $11.99 level for the day. The stock recorded a low of $11.76 and closed the trading day at $11.99, in the green by 3.63%. The total traded volume for the day was 10,457,551. The stock had closed at $11.57 in the previous days trading.
The company shares have dropped -24.72% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $15.58 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.22 and the 200 Day Moving Average price is recorded at $11.78. On the companys insider trading activities, 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.