KeyCorp logged a 0.2% change during today's morning session, and is now trading at a price of $17.53 per share.
KeyCorp returned gains of 20.3% last year, with its stock price reaching a high of $20.04 and a low of $12.73. Over the same period, the stock returned a similar cumulative performance to the S&P 500. The company's 50-day average price was $17.28.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. Based in Cleveland, OH, the Large-Cap Finance company has 17,047 full time employees. KeyCorp has offered a 4.7% dividend yield over the last 12 months.
The Company's Revenues Are Declining:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $5,235 | $4,685 | $4,367 | $5,412 | $7,927 | $4,619 |
| Interest Income (M) | $3,909 | $4,034 | $4,071 | $4,527 | $3,913 | $3,765 |
| Operating Margins | 39% | 33% | 75% | 43% | 15% | -7% |
| Net Margins | 33% | 28% | 60% | 35% | 12% | -3% |
| Net Income (M) | $1,717 | $1,343 | $2,625 | $1,917 | $967 | -$161 |
| Depreciation & Amort. (M) | $241 | $111 | $32 | $164 | $154 | $91 |
| Diluted Shares (M) | 1,002 | 975 | 957 | 933 | 933 | 950 |
| Earnings Per Share | $1.62 | $1.27 | $2.63 | $1.93 | $0.88 | -$0.32 |
| EPS Growth | n/a | -21.6% | 107.09% | -26.62% | -54.4% | -136.36% |
| Avg. Price | $14.57 | $12.01 | $19.33 | $20.55 | $14.4 | $17.49 |
| P/E Ratio | 8.94 | 9.38 | 7.29 | 10.59 | 16.18 | -54.66 |
| Free Cash Flow (M) | $2,821 | $1,610 | $1,087 | $4,373 | $2,761 | $599 |
| CAPEX (M) | $85 | $63 | $66 | $96 | $142 | $65 |
| EV / EBITDA | 11.67 | 14.56 | 9.09 | 15.01 | 24.38 | -124.16 |
| Total Debt (M) | $12,448 | $13,709 | $12,042 | $19,307 | $19,554 | $12,105 |
| Net Debt / EBITDA | 5.18 | 7.57 | 3.39 | 7.38 | 14.17 | -48.2 |
KeyCorp's financial statements include several red flags such as declining revenues and a flat capital expenditure trend, negative net margins with a negative growth trend, and declining EPS growth. Additionally, the firm has positive cash flows. On the other hand, the company has low debt levels working in its favor.
KeyCorp does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $1.56, the company has a forward P/E ratio of 11.1. In comparison, the average P/E ratio for the Finance sector is 15.92. On the other hand, the market is undervaluing KeyCorp in terms of its equity because its P/B ratio is 1.15. In comparison, the sector average is 1.78.
There's an Analyst Consensus of Some Upside Potential for KeyCorp:
The 22 analysts following KeyCorp have set target prices ranging from $18.0 to $43.0 per share, for an average of $21.17 with a buy rating. The company is trading -17.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
KeyCorp has an average amount of shares sold short because 3.8% of the company's shares are sold short. Institutions own 90.0% of the company's shares, and the insider ownership rate stands at 0.28%, suggesting a small amount of insider investors. The largest shareholder is Bank of Nova Scotia, whose 15% stake in the company is worth $2,856,594,109.
