After Piper Jaffray and UBS gave KeyCorp (NYSE: KEY) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst Ken Zerbe maintained a Buy rating on KeyCorp today and set a price target of $20.50. The company’s shares closed last Monday at $16.87.
According to TipRanks.com, Zerbe is a 3-star analyst with an average return of 2.1% and a 48.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, People’s United Financial, and Commerce Bancshares Inc.
KeyCorp has an analyst consensus of Moderate Buy, with a price target consensus of $19.90, representing a 17.3% upside. In a report released today, UBS also maintained a Buy rating on the stock with a $22.00 price target.
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KeyCorp’s market cap is currently $17.11B and has a P/E ratio of 10.15. The company has a Price to Book ratio of 1.14.
Based on the recent corporate insider activity of 43 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
KeyCorp operates as bank holding company. The company operates through the following two segments: Key Community Bank and Key Corporate Bank.
