DA Davidson Issues Pessimistic Forecast for KeyCorp (NYSE:KEY) Stock Price

KeyCorp (NYSE:KEY) had its target price reduced by equities research analysts at DA Davidson from $22.00 to $21.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price objective would suggest a potential upside of 20.18% from the company’s previous close. DA Davidson also issued estimates for KeyCorp’s Q1 2025 earnings at $0.34 EPS and FY2025 earnings at $1.73 EPS.

A number of other research firms also recently weighed in on KEY. Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley cut their price target on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI lifted their price objective on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.58.

KeyCorp Price Performance

Shares of KEY stock opened at $17.47 on Wednesday. The business’s 50 day moving average price is $18.10 and its 200-day moving average price is $17.06. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04. The firm has a market cap of $17.32 billion, a P/E ratio of -58.24, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the sale, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its position in shares of KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares during the last quarter. American Capital Advisory LLC purchased a new stake in KeyCorp in the 3rd quarter worth $28,000. Larson Financial Group LLC boosted its holdings in shares of KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp during the third quarter valued at about $35,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of KeyCorp in the third quarter worth about $38,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Company Profile

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.