KBW Sticks to Its Buy Rating for KeyCorp (KEY)

In a report released yesterday, David Konrad from KBW maintained a Buy rating on KeyCorp (KEY – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $14.38.

According to TipRanks, Konrad is a 5-star analyst with an average return of 20.4% and a 72.15% success rate. Konrad covers the Financial sector, focusing on stocks such as Wells Fargo, Bank of America, and Truist Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KeyCorp with a $16.73 average price target, implying a 16.34% upside from current levels. In a report released on April 8, Jefferies also maintained a Buy rating on the stock with a $18.00 price target.

Based on KeyCorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.56 billion and a net profit of $303 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $542 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEY in relation to earlier this year. Most recently, in February 2024, Douglas Schosser, the CAO of KEY sold 3,326.00 shares for a total of $46,564.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KeyCorp (KEY) Company Description:

KeyCorp operates as bank holding company. The company operates through the following segments: Consumer Bank and Commercial Bank. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology The company was founded in 1958 and is headquartered in Cleveland, OH.