Analyst Rating Update on KeyCorp (KEY)

KeyCorp (KEY) : The consensus on KeyCorp (KEY) based on 18 analyst recommendation on the company stock is 1.97, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

KeyCorp (KEY) : The highest level KeyCorp (KEY) is projected to reach is $16 for the short term and the lowest estimate is at $13. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $13.93 and the possibility the share price can swing is $1.05.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of KeyCorp (NYSE:KEY). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $14 per share from a prior target of $14.5. The rating by the firm was issued on July 27, 2016.


KeyCorp (NYSE:KEY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.45 and $11.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.67, notching a gain of 1.92% for the day. The total traded volume was 18,293,562 . The stock had closed at $11.45 on the previous day.

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.

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