Home Sectors Financial Services Current Technicals: KeyCorp (NYSE: KEY)

Current Technicals: KeyCorp (NYSE: KEY)

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KeyCorp is part of the financial services sector and banking industry. The company CEO is Beth E. Mooney. KeyCorp is present in the financial service domain. Its core revenue is derived from the provision of retail and commercial banking, investment management and consumer finance services.

Previous Intraday Trading Performance:

The KEY stock showed a previous change of 1.71% with an open at 16.46 and a close of 16.63. It reached an intraday high of 16.67 and a low of 16.42.

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Liquidity:

The stock has a market cap of $16.8b with 1.0b shares outstanding, of which the float is 1.0b shares. Trading volume reached 6,313,389 shares compared to its average volume of 10,825,549 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, KeyCorp shares returned -0.40% and in the past 30 trading days it returned -0.46%. Over three months, it changed -3.65%. In one year it has changed -15.02% and within that year its 52-week high was 21.91 and its 52-week low was 13.66. KEY stock is 21.79% above its 52 Week Low.

Our calculations show a 200 day moving average of 17.47 and a 50 day moving average of 16.57. Currently KEY stock is trading -4.80% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.72 that ended on 31st of December 2018, which according to the previous close, that is a PE of 9.67. Based on 10 analyst estimates, the consensus EPS for the next quarter is 0.42. The TTM EPS is 1.75, which comes to a TTM PE of 9.50. Historically, the PE high was 25.40 and the PE low was 9.50. KEY stock has set a new PE low record!

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 0.38
4thQtr of 2018 0.45
3rdQtr of 2018 0.45
2ndQtr of 2018 0.44
1stQtr of 2018 0.38

The dividend per share is currently 0.68, which is a dividend yield of 4.09%. Also, the payout ratio is 38.86%, therefore the dividend is safe according to our calculations. KEY stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 24.23, which means it is possibly undervalued and has a margin of safety of 31.36%.

Indicators to Watch:

Short-interest was 11,398,386, which was 1.13% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.70. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.24.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.56%, return on assets is 1.28%, profit margin is 25.38%, price-to-sales is 2.26 and price-to-book is 1.16.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 6  :Dividend Score
 4  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.