KeyCorp Receives a Buy from RBC Capital

By Austin Angelo

In a report issued on July 27, Gerard Cassidy from RBC Capital reiterated a Buy rating on KeyCorp (NYSE: KEY), with a price target of $21. The company’s shares closed yesterday at $17.91.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 28.5% and a 85.9% success rate. Cassidy covers the Financial sector, focusing on stocks such as Provident Financial Services, Discover Financial Services, and Huntington Bancshares Inc.

Currently, the analyst consensus on KeyCorp is Strong Buy and the average price target is $21.50, representing a 20.0% upside.

In a report issued on July 20, D.A. Davidson also upgraded the stock to Buy.

KeyCorp’s market cap is currently $19.57B and has a P/E ratio of 18.09. The company has a book value ratio of 1.3755.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 through its subsidiary, KeyBank National Association provides retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients.