KeyCorp (KEY) Receives a Buy from RBC Capital
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on KeyCorp, with a price target of $22.00.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, JPMorgan Chase, and PNC Financial. According to TipRanks, Cassidy has an average return of 13.9% and a 65.07% success rate on recommended stocks.
Currently, the analyst consensus on KeyCorp is a Moderate Buy with an average price target of $23.96.
Based on KeyCorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.86 billion and a net profit of $510 million. In comparison, last year the company earned a revenue of $1.87 billion and had a GAAP net loss of $244 million
Based on the recent corporate insider activity of 56 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, Andrew J III Paine, the Head of Institutional Bank of KEY sold 65,961.00 shares for a total of $1,532,274.03.
Read More on KEY:
