After finishing at $12.17 in the prior trading day, KeyCorp (NYSE: KEY) closed at $11.75, down -3.45%. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 58581211 shares were traded. KEY stock price reached its highest trading level at $12.04 during the session, while it also had its lowest trading level at $10.86.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ratios:
Our goal is to gain a better understanding of KEY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.09. In the meantime, Its Debt-to-Equity ratio is 1.76 whereas as Long-Term Debt/Eq ratio is at 1.76.
Upgrades & Downgrades
On March 10, 2023, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $20.
Piper Sandler Upgraded its Underweight to Neutral on March 10, 2023, whereas the target price for the stock was revised from $18.50 to $16.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 10 when Brady Amy G. sold 45,000 shares for $15.58 per share. The transaction valued at 701,100 led to the insider holds 119,121 shares of the business.
Mago Angela G sold 5,352 shares of KEY for $106,772 on Feb 02. The Head of Commercial Bank now owns 194,280 shares after completing the transaction at $19.95 per share. On Sep 14, another insider, Highsmith Carlton L, who serves as the Director of the company, sold 5,200 shares for $17.59 each. As a result, the insider received 91,468 and left with 64,139 shares of the company.
Valuation Measures:
As of this moment, KeyCorp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.11, and their Forward P/E ratio for the next fiscal year is 5.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08 while its Price-to-Book (P/B) ratio in mrq is 0.97.
Stock Price History:
Over the past 52 weeks, KEY has reached a high of $24.71, while it has fallen to a 52-week low of $9.60. The 50-Day Moving Average of the stock is 18.03, while the 200-Day Moving Average is calculated to be 17.88.
Shares Statistics:
The stock has traded on average 14.82M shares per day over the past 3-months and 38.05M shares per day over the last 10 days, according to various share statistics. A total of 931.83M shares are outstanding, with a floating share count of 928.21M. Insiders hold about 0.10% of the company’s shares, while institutions hold 85.70% stake in the company. Shares short for KEY as of Jan 30, 2023 were 20.58M with a Short Ratio of 20.96M, compared to 19.84M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.20% and a Short% of Float of 2.51%.
Dividends & Splits
In the trailing 12 months, KEY’s forward annual dividend rate was 0.74, compared to 0.82 this year. Against a Trailing Annual Dividend Yield of 6.08%, it implies a Forward Annual Dividend Yield of 4.19%. The stock’s 5-year Average Dividend Yield is 3.90. The current Payout Ratio is 40.40% for KEY, which recently paid a dividend on Mar 14, 2023 with an ex-dividend date of Feb 26, 2023. Stock splits for the company last occurred on Mar 08, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.54 and a low estimate of $0.36, while EPS last year was $0.45. The consensus estimate for the next quarter is $0.5, with high estimates of $0.56 and low estimates of $0.37.
Analysts are recommending an EPS of between $2.2 and $1.55 for the fiscal current year, implying an average EPS of $2.03. EPS for the following year is $2.28, with 19 analysts recommending between $2.55 and $1.81.
Revenue Estimates
14 analysts predict $1.83B in revenue for the current quarter. It ranges from a high estimate of $1.9B to a low estimate of $1.78B. As of the current estimate, KeyCorp’s year-ago sales were $1.7B, an estimated increase of 8.00% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $1.87B, an increase of 4.30% less than the figure of $8.00% in the same quarter last year. There is a high estimate of $1.95B for the next quarter, whereas the lowest estimate is $1.78B.
A total of 16 analysts have provided revenue estimates for KEY’s current fiscal year. The highest revenue estimate was $7.89B, while the lowest revenue estimate was $7.22B, resulting in an average revenue estimate of $7.52B. In the same quarter a year ago, actual revenue was $7.27B, up 3.40% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $7.88B in the next fiscal year. The high estimate is $8.35B and the low estimate is $7.16B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.
