What is DA Davidson’s Estimate for KeyCorp FY2024 Earnings?

KeyCorp (NYSE:KEY) – Stock analysts at DA Davidson decreased their FY2024 EPS estimates for KeyCorp in a research report issued to clients and investors on Monday, October 21st. DA Davidson analyst P. Winter now expects that the financial services provider will earn $1.07 per share for the year, down from their previous forecast of $1.08. DA Davidson currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.08 per share. DA Davidson also issued estimates for KeyCorp’s Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $1.56 EPS.

KEY has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price objective on KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, June 27th. Jefferies Financial Group lifted their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a report on Tuesday, September 10th. Wedbush lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.62.

KeyCorp Price Performance

Shares of NYSE KEY opened at $17.17 on Tuesday. The company has a fifty day moving average price of $16.67 and a 200 day moving average price of $15.38. KeyCorp has a 1-year low of $9.50 and a 1-year high of $17.94. The firm has a market cap of $16.19 billion, a PE ratio of 21.73, a PEG ratio of 0.97 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the transaction, the director now owns 46,864 shares in the company, valued at $759,665.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KeyCorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC raised its holdings in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in KeyCorp in the first quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in KeyCorp during the first quarter valued at approximately $32,000. Hexagon Capital Partners LLC lifted its stake in KeyCorp by 189.6% during the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of KeyCorp in the 1st quarter valued at $39,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.