From MarketBeat:

Stock analysts at Morgan Stanley raised their price objective for KeyCorp, setting it at $16.00 from $12.00. They maintain an “equal weight” rating on the stock, with potential upside of 15.11% from the current price. Other firms rated the stock a “buy,” and MarketBeat.com’s consensus target price is $15.00. KeyCorp stock remained flat at $13.90 on Wednesday, has a market capitalization of $13.01 billion, and a 12-month high of $20.00. The firm’s 50-day moving average price is $14.07 and its 200-day moving average price is $12.16. KeyCorp’s return on equity is 10.63%, with a net margin of 8.61%.

On Thursday, January 18th, KeyCorp posted earnings of $0.25 per share for the quarter, beating the consensus estimate of $0.23 by $0.02, and had revenue of $1.53 billion compared to analysts’ expectations of $1.53 billion. On average, equities research analysts anticipate that KeyCorp will post 1.22 earnings per share for the current fiscal year.

Director Douglas M. Schosser sold 14,383 shares of KeyCorp stock in a transaction, for a total value of $192,300.71. He then had 19,795 shares of the stock. 0.54% of the stock is currently owned by company insiders.

Hedge funds have recently bought or sold stakes in KeyCorp, the most notable being Canada Pension Plan Investment Board, which acquired a new stake in KeyCorp in the 1st quarter worth about $38,000. KeyCorp operates as the holding company for KeyBank National Association and caters various retail and commercial banking products and services in the United States, operating two segments: Consumer Bank and Commercial Bank.

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Read more: KeyCorp (NYSE:KEY) Price Target Raised to $16.00 at Morgan Stanley