KeyCorp (KEY) Receives Price Target

KeyCorp (KEY) : The consensus price target for KeyCorp (KEY) is $13.79 for the short term with a standard deviation of $1.12. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $13.

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.


Also, Major Brokerage house, Citigroup maintains its ratings on KeyCorp (NYSE:KEY). In the latest research report, Citigroup raises the target price from $14 per share to $15 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

KeyCorp (NYSE:KEY): The stock opened at $12.60 on Thursday but the bulls could not build on the opening and the stock topped out at $12.64 for the day. The stock traded down to $12.30 during the day, due to lack of any buying support eventually closed down at $12.44 with a loss of -0.96% for the day. The stock had closed at $12.56 on the previous day. The total traded volume was 13,130,095 shares.

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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