Alert: Positive Investment/Fundamental Signals (11/17/23)-KeyCorp (NYSE: KEY)


Extremely important positive changes in investment behavior have recently occurred for KeyCorp (NYSE: KEY): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

KeyCorp (NYSE: KEY). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KEY is expected to continue to be an important Value Builder.

KeyCorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. KeyCorp has a very high Appreciation Score of 88 but a poor Power Rating of 28, and the High Neutral Value Trend Rating results.

Recent Price Action

KeyCorp (NYSE: KEY) stock closed at $12.32 on 11/17/23 after an increase of 2.0%. Relative to the market the stock has been weak over the last nine months but has risen 12.5% during the last week.

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