KeyCorp (KEY) : Zacks Investment Research ranks KeyCorp (KEY) as 4, which is a Sell recommendation. 6 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 17 research analysts is 2.15, which indicates as a Buy.
KeyCorp (KEY) : The most positive equity analysts on KeyCorp (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.
KeyCorp (NYSE:KEY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.55 and $10.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.80, notching a gain of 1.12% for the day. The total traded volume was 16,081,699 . The stock had closed at $10.68 on the previous day.
Also, Equity analysts at the Brokerage firm Morgan Stanley assumes its rating on KeyCorp (NYSE:KEY). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley announces a current price target of $13.5 per share. The rating by the firm was issued on April 12, 2016. The company shares have dropped -27.00% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $15.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.01 and the 200 Day Moving Average price is recorded at $11.65.
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.