In a report released yesterday, Mike Mayo from Wells Fargo assigned a Buy rating to KeyCorp (KEY – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $15.02.
Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of New York Mellon Corporation. According to TipRanks, Mayo has an average return of 11.6% and a 65.12% success rate on recommended stocks.
In addition to Wells Fargo, KeyCorp also received a Buy from RBC Capital’s Gerard Cassidy in a report issued on March 4. However, on February 23, Barclays assigned a Hold rating to KeyCorp (NYSE: KEY).
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The company has a one-year high of $16.82 and a one-year low of $7.95. Currently, KeyCorp has an average volume of 17.27M.
Based on the recent corporate insider activity of 52 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. Last month, Douglas Schosser, the CAO of KEY sold 3,326.00 shares for a total of $46,564.00.
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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.
Read More on KEY:
- KeyCorp call volume above normal and directionally bullish
- KeyCorp Announces Executive Shifts in Accounting Leadership
- KeyCorp announces CAO Schosser to leave company, Gilbert to succeed
- KeyCorp has limited exposure to leveraged lending, office, says CEO
- KeyCorp has no exposure to rent-controlled properties in NYC, says CEO
