Last Updated: 16 Sep 2024
Executive Summary
KeyCorp (KEY) is a regional bank with a strong presence in the Midwest. The company has a market capitalization of $14.93 billion and trades on the NYSE. KEY's latest stock price is $16.09.
Company Overview
KeyCorp is the parent company of KeyBank, a regional bank headquartered in Cleveland, Ohio. KeyBank offers a range of financial services to individuals and businesses, including checking and savings accounts, loans, and investment products. The company has a strong presence in the Midwest, with operations in 15 states.
Fundamental Analysis
KEY's financial performance has been mixed in recent years. The company's revenue has declined slightly in recent quarters, while its earnings have been volatile. KEY's net income fell by 7.3% in the most recent quarter.
The company's profitability metrics are also mixed. KEY's profit margin is 15%, which is below the industry average. However, the company's return on equity is 6%, which is above the industry average.
Technical Analysis
KEY's stock price has been in a downtrend in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
KEY's stock price is likely to remain under pressure in the short term. The company's financial performance has been mixed, and the stock's technical indicators are bearish.
Long Term Outlook
KEY's long-term outlook is more positive. The company has a strong brand and a loyal customer base. The company is also well-positioned to benefit from rising interest rates.
Analyst Recommendations
Analysts are mixed on KEY's stock. Five analysts have a strong buy rating on the stock, eight have a buy rating, nine have a hold rating, and zero have a sell rating. The average analyst target price is $17.52.
