27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In the latest quarter, 8 analysts provided ratings for KeyCorp (NYSE:KEY), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts have recently evaluated KeyCorp and provided 12-month price targets. The average target is $13.38, accompanied by a high estimate of $16.00 and a low estimate of $11.00. This upward trend is apparent, with the current average reflecting a 9.22% increase from the previous average price target of $12.25.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of KeyCorp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ryan Nash | Goldman Sachs | Raises | Buy | $15.00 | $13.50 |
| Mike Mayo | Wells Fargo | Raises | Overweight | $16.00 | $12.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $13.00 | - |
| Gerard Cassidy | RBC Capital | Lowers | Outperform | $13.00 | $14.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $12.00 | $11.00 |
| David Konrad | Keefe, Bruyette & Woods | Announces | Outperform | $15.00 | - |
| Steven Alexopoulos | JP Morgan | Lowers | Neutral | $12.00 | $13.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $11.00 | $10.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to KeyCorp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of KeyCorp compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of KeyCorp's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of KeyCorp's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on KeyCorp analyst ratings.
Get to Know KeyCorp Better
With assets of over $170 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
Financial Insights: KeyCorp
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, KeyCorp faced challenges, resulting in a decline of approximately -17.03% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: KeyCorp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 17.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.41%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): KeyCorp's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.14%, the company may face hurdles in achieving optimal financial returns.
Debt Management: KeyCorp's debt-to-equity ratio surpasses industry norms, standing at 2.28. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: What Are They?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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