KeyCorp (KEY) : The highest level KeyCorp (KEY) is projected to reach is $16 for the short term and the lowest estimate is at $12. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $13.89 and the possibility the share price can swing is $1.24.
KeyCorp (KEY) has shown a rise of 0.2% or 79,679 shares in the short positions. The bets have increased to 52,408,361 shares on June 30,2016 from 52,328,682 shares on June 15,2016. With respect to the floated shares, the shorts are 6.2%. The days to cover are calculated to be 3, using the standard per day volume of 17,588,327 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Morgan Stanley upgrades its rating on KeyCorp (NYSE:KEY). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Equalweight by the brokerage firm. The Analysts at Morgan Stanley raises a current price target of $15 per share. The rating by the firm was issued on July 5, 2016.
KeyCorp (NYSE:KEY): stock turned positive on Thursday. Though the stock opened at $11.83, the bulls momentum made the stock top out at $11.89 level for the day. The stock recorded a low of $11.73 and closed the trading day at $11.78, in the green by 1.90%. The total traded volume for the day was 14,764,251. The stock had closed at $11.56 in the previous days trading.
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.