Last Updated: 14 Nov 2024
Executive Summary
KeyCorp (KEY) is a regional bank with a market capitalization of $18.88 billion. The company has been facing challenges in recent quarters, with revenue and earnings declining year-over-year. However, analysts remain optimistic about the company's long-term prospects, with a consensus target price of $18.24.
Company Overview
KeyCorp is a regional bank headquartered in Cleveland, Ohio. The company operates over 1,000 branches in 15 states. KeyCorp provides a range of banking products and services to consumers, businesses, and institutions.
Fundamental Analysis
KeyCorp's financial performance has been mixed in recent quarters. Revenue declined by 0.602% year-over-year in the latest quarter, while earnings per share declined by 0.073%. The company's profit margin is 0.0305, and its return on equity is 0.0097.
KeyCorp's balance sheet is strong, with a debt-to-equity ratio of 0.65. The company has $14.48 in book value per share.
Technical Analysis
KeyCorp's stock price has been trading in a range between $11.17 and $20 over the past year. The stock is currently trading at $19.05, above its 50-day moving average of $17.11 and its 200-day moving average of $15.42.
Short Term Outlook
KeyCorp's stock price is likely to continue to trade in a range in the short term. The company's financial performance has been mixed, and there are no major catalysts on the horizon.
Long Term Outlook
Analysts are optimistic about KeyCorp's long-term prospects. The company has a strong balance sheet and a loyal customer base. The company is also well-positioned to benefit from rising interest rates.
Analyst Recommendations
The consensus analyst rating on KeyCorp is "Buy." 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" or "Strong Sell" rating. The consensus target price is $18.24.
