KeyCorp (KEY) Receives ‘Analyst’ Rating

KeyCorp (KEY) : Zacks Investment Research ranks KeyCorp (KEY) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 4 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.22, which indicates as a Buy.

KeyCorp (KEY) : The highest short term price target forecast on KeyCorp (KEY) is $16 and the lowest target price is $13. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $13.79 with a standard deviation of $1.12.


Also, Equity Analysts at the Brokerage Firm, PiperJaffray, downgrades their rating on the shares of KeyCorp (NYSE:KEY). PiperJaffray has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on August 29, 2016.

KeyCorp (NYSE:KEY): After opening at $12.17, the stock dipped to an intraday low of $12.15 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.39 and the buying power remained strong till the end. The stock closed at $12.37 for the day, a gain of 1.23% for the day session. The total traded volume was 14,141,494. The stocks close on the previous trading day was $12.22.

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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