Monolith Solar Associates and Key Equipment Finance Relationship Surpasses $7 Million in Financed Solar Installations for Schools and Municipalities.
The company is trading unchanged from yesterday’s close of $18.62.
KeyCorp also declared a dividend that will be paid on Thursday the 15th of June 2017. The dividend will be $0.095 per share for the quarter which comes to $0.38 on an annualized basis. The dividend yield will be $2.04. The ex-dividend date will be on Thursday the 25th of May 2017.
KeyCorp, launched on December 31, 1958, is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is involved in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients. The Business’s segments include Key Community Bank and Key Corporate Bank. Its Other Segments consist of corporate treasury, principal investing unit and various exit portfolios..
Shares last traded at $18.62 which is a tad above $18.18, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $18.12. The 50 day moving average moved up $0.44 whereas the 200 day average was up by +2.74%.
The P/E ratio is 21.68 and market capitalization is 20.41B. In the latest earnings report the EPS was $0.86 and is projected to be $1.33 for the current year with 1,096,107,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.36 with next year’s EPS anticipated to be $1.56.
A few Wall Street analysts have released opinions on KEY of late. On November 30 Deutsche Bank maintained a stock rating of “Hold” but moved up the price target from $13.00 to $18.00. On November 29 the company was rated “Market Perform” in a report from Keefe Bruyette & Woods down from the previous “Outperform” rating.
On November 21, 2016 the stock rating was set at “Hold” according to a Standpoint Research report which was a cut from the previous “Buy” rating. Bernstein raised the price target and downgraded the stock on November 16 changing the price target from $16.00 to $19.00 and cutting the rating from “Outperform” to “Market Perform”.
On November 16 the stock rating was downgraded to “Market Perform” from “Outperform” with a current price target of $19.00 by Bernstein. On November 9 the company was downgraded from “Positive” to “Neutral” and a price target of $15.00 was set in a report from Susquehanna.