Critical News Coverage Somewhat Unlikely to Affect KeyCorp (KEY) Share Price

Media stories about KeyCorp (NYSE:KEY) have trended negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. KeyCorp earned a news impact score of -2.00 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 4 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted KeyCorp’s analysis:

NYSE KEY traded down $0.38 during trading hours on Friday, reaching $16.79. The company’s stock had a trading volume of 19,536,454 shares, compared to its average volume of 14,529,565. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.17 and a beta of 1.20. KeyCorp has a fifty-two week low of $13.65 and a fifty-two week high of $21.91. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.98.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). KeyCorp had a net margin of 24.18% and a return on equity of 13.16%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the company posted $0.38 earnings per share. KeyCorp’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that KeyCorp will post 1.84 earnings per share for the current year.

A number of research analysts recently weighed in on KEY shares. Barclays dropped their price objective on shares of KeyCorp from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, January 2nd. Sandler O’Neill upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $16.50 to $19.00 in a research report on Friday, January 11th. BMO Capital Markets downgraded shares of KeyCorp from an “outperform” rating to a “market perform” rating and set a $17.00 price objective for the company. in a research report on Friday, January 18th. Argus reduced their price objective on shares of KeyCorp from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.46.

In related news, insider Robert A. Deangelis sold 31,166 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $17.37, for a total transaction of $541,353.42. Following the transaction, the insider now directly owns 196,478 shares in the company, valued at $3,412,822.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela G. Mago sold 4,162 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $17.33, for a total value of $72,127.46. Following the transaction, the insider now owns 128,464 shares in the company, valued at $2,226,281.12. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

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About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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