KeyCorp (NYSE: KEY) has reported E.P.S. of $0.03 for its fourth fiscal quarter (ending December 31) versus $0.38 for the same period a year ago — a decline of -92%. This performance was $-0.20 short of the consensus estimate of $0.23. E.P.S. were $0.88 for the latest four quarters through December 31 versus $1.94 for the same period a year ago — a decline of -55%.
Recent Price Action
KeyCorp (NYSE: KEY) stock closed at $13.20 on 1/18/24 after a decline of -4.6%. Moreover, this decline was accompanied by exceptionally high trading volume at 242% of normal. The stock has declined -9.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KEY is expected to continue to be an important Value Builder.
KeyCorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. KeyCorp has a very high Appreciation Score of 86 and a very high Power Rating of 86, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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