KeyCorp (NYSE:KEY) has a beta of 1.56, a 12-month trailing P/E ratio of 13.24, and a growth ratio of 1.16. The stock’s Relative Strength Index (RSI) is 60.34, with weekly volatility at 1.95% and ATR at 0.58. The KEY stock’s 52-week price range has touched low of $10.47 and a $23.65 high. Its shares traded lower over the last trading session, losing -0.35% on 05/24/21. The shares fell to a low of $22.92 before closing at $23.04. Intraday shares traded counted 6.45 million, which was 31.78% higher than its 30-day average trading volume of 9.45M. KEY’s previous close was $23.12 while the outstanding shares total 964.88M.
Investors have identified the Banks – Regional company KeyCorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $22.08 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
KeyCorp (KEY) Fundamentals that are to be considered.
KEY were able to record -217.0 million as free cash flow during the 07/20/2021 quarter of the year, this saw their quarterly net cash flow reduce by -153.0 million. In cash movements, the company had a total of -205.0 million as operating cash flow.
Potential earnings growth for KeyCorp (KEY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/20/2021 quarter of the year, KeyCorp recorded a total of 1.09 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -15.09% coming in sequential stages and their sales for the 07/20/2021 quarter reducing by -3.5%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 82.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.0 billion. This allows shareholders to hold on to 964.88M with the recently reported earning now reading 0.62 cents per share. This is a figure that compared to analyst’s prediction for their 07/20/2021 (0.61 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on KEY sounds very interesting.
Is the stock of KEY attractive?
In related news, Chief Risk Officer, Midkiff Mark W sold 23,801 shares of the company’s stock in a transaction that recorded on Apr 29. The sale was performed at an average price of 21.86, for a total value of 520,287. As the sale deal closes, the Head of Institutional Bank, Paine Andrew J III now sold 35,218 shares of the company’s stock, valued at 751,552. Also, Chairman and CEO, Gorman Christopher M. sold 101,878 shares of the company’s stock in a deal that was recorded on Apr 26. The shares were price at an average price of 21.39 per share, with a total market value of 2,179,170. Following this completion of acquisition, the Director, Corporate Center, Evans Trina M now holds 34,305 shares of the company’s stock, valued at 734,470. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
6 out of 21 analysts covering the stock have rated it a Buy, while 11 have maintained a Hold recommendation on KeyCorp. 3 analysts has assigned a Sell rating on the KEY stock. The 12-month mean consensus price target for the company’s shares has been set at $23.10.