Trading Report: The Analysts Issue Forecasts for KeyCorp’s Q1 2017 Earnings (KEY)

The Analysts Issue Forecasts for KeyCorp’s Q1 2017 Earnings (KEY)

KeyCorp (NYSE:KEY) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for KeyCorp in a research report issued on Tuesday. Jefferies Group analyst K. Usdin anticipates that the brokerage will post earnings per share of $0.26 for the quarter. Jefferies Group has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for KeyCorp’s Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.34 EPS and Q4 2017 earnings at $0.35 EPS.

Other equities analysts also recently issued research reports about the company. Nomura reiterated a “buy” rating on shares of KeyCorp in a report on Saturday, July 9th. Wells Fargo & Co. reiterated a “hold” rating on shares of KeyCorp in a report on Saturday, July 9th. Barclays PLC reiterated a “sell” rating on shares of KeyCorp in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 price target on shares of KeyCorp in a report on Wednesday, June 15th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.39.

Shares of KeyCorp (NYSE:KEY) traded down 3.07% during mid-day trading on Thursday, hitting $12.31. 10,034,292 shares of the company’s stock were exchanged. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 12.73 and a beta of 1.21. The firm has a 50 day moving average price of $12.37 and a 200-day moving average price of $11.96. KeyCorp has a 52 week low of $9.88 and a 52 week high of $14.01.

KeyCorp (NYSE:KEY) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share.

A number of hedge funds have recently made changes to their positions in the company. MSI Financial Services Inc raised its stake in shares of KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock worth $109,000 after buying an additional 860 shares during the last quarter. Wealthfront Inc. purchased a new stake in shares of KeyCorp during the second quarter worth approximately $123,000. Sigma Investment Management Co raised its stake in shares of KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,135 shares during the last quarter. Regentatlantic Capital LLC purchased a new stake in shares of KeyCorp during the second quarter worth approximately $134,000. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of KeyCorp by 84.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,341 shares of the financial services provider’s stock worth $136,000 after buying an additional 5,639 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

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