KeyCorp (KEY) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Ken Zerbe maintained a Hold rating on KeyCorp (KEY) today and set a price target of $19.50. The company’s shares closed last Thursday at $18.53, close to its 52-week high of $20.24.

According to, Zerbe is a 4-star analyst with an average return of 10.3% and a 58.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Valley National Bancorp.

Currently, the analyst consensus on KeyCorp is a Hold with an average price target of $19.85, representing a 7.4% upside. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $18.00 price target.

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Based on KeyCorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.68 billion and net profit of $428 million. In comparison, last year the company earned revenue of $1.62 billion and had a net profit of $416 million.

Based on the recent corporate insider activity of 38 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.

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KeyCorp operates as bank holding company. The company operates through the following segments: Consumer Bank and Commercial Bank. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology The company was founded in 1958 and is headquartered in Cleveland, OH.

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