Significant positive changes in fundamentals have recently occurred for KeyCorp (NYSE: KEY): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
KeyCorp (NYSE: KEY) has recently enjoyed significant positive changes in investment behavior: its longer term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
KEY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company 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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. KeyCorp has a good Power Rating of 75 and a very high Appreciation Score of 86, producing the Highest Value Trend Rating.
Recent Price Action
KeyCorp (NYSE: KEY) stock closed at $14.29 on 12/22/23 after a slight gain of 0.07%. However, trading volume in this advance was exceptionally low at 45% of normal. The stock has declined -3.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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