KeyCorp (NYSE:KEY) Downgraded by UBS Group

KeyCorp (NYSE:KEYGet Free Report) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $15.00 price objective on the financial services provider’s stock, down from their prior price objective of $16.00. UBS Group’s target price points to a potential upside of 5.01% from the company’s current price.

Other analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods upped their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Jefferies Financial Group lifted their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 target price on shares of KeyCorp in a research report on Tuesday, June 25th. Finally, Evercore ISI lowered their price target on KeyCorp from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and an average price target of $17.24.

View Our Latest Stock Analysis on KEY

KeyCorp Price Performance

Shares of KeyCorp stock opened at $14.29 on Monday. The firm has a market cap of $13.47 billion, a PE ratio of 18.08, a PEG ratio of 0.71 and a beta of 1.26. The stock has a 50 day moving average of $14.31 and a 200 day moving average of $14.46. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.72. KeyCorp has a 12 month low of $9.46 and a 12 month high of $15.86.

KeyCorp (NYSE:KEYGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. On average, research analysts expect that KeyCorp will post 1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pathway Financial Advisers LLC bought a new stake in KeyCorp during the first quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new position in shares of KeyCorp in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC raised its stake in shares of KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,836 shares in the last quarter. First United Bank & Trust purchased a new stake in KeyCorp during the fourth quarter valued at approximately $29,000. Finally, Crewe Advisors LLC acquired a new stake in KeyCorp in the first quarter valued at approximately $32,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

About KeyCorp

(Get Free Report)

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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