The shares of KeyCorp (NYSE:KEY) has been pegged with a rating of Neutral by JP Morgan in its latest research note that was published on April 4th, 2019. The research company has also assigned a $17 price target. JP Morgan wasn’t the only research firm that published a report of KeyCorp, with other equities research analysts also giving their opinion on the stock. Nomura advised investors in its research note published on March 29th, 2019, to Neutral the KEY stock while also putting a $16 price target. The stock had earned Neutral rating from Wedbush when it published its report on February 4th, 2019. The stock was given Buy rating by Sandler O’Neill in its report released on January 11th, 2019. Barclays was of a view that KEY is Underweight in its latest report on January 2nd, 2019 while giving it a price target of $20. Nomura thinks that KEY is worth Reduce rating. This was contained in the firm’s report on December 10th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $19.14. The price of the stock the last time has raised by 26.25% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.54.
The shares of the company added by 1.89% during the trading session on Tuesday, reaching a low of $17.04 while ending the day at $17.24. During the trading session, a total of 9.17 million shares were traded which represents a 24.82% incline from the average session volume which is 12.20M shares. KEY had ended its last session trading at 16.92. KeyCorp currently has a market cap of $17.62B, while its P/E ratio stands at 10.11, while its P/E earnings growth sits at 3.49, with a beta of 1.23. KeyCorp debt-to-equity ratio currently stands at 0.98, while its quick ratio hovers at . KEY 52-week low price stands at $13.65 while its 52-week high price is $21.91.
The company in its last quarterly report recorded $0.40 earnings per share which is below the $0.41 predicted by most analysts. The KeyCorp generated $1,521.00 million in revenue during the last quarter, which is slightly lower than the $1,599.78 million predicted by analysts. In the second quarter last year, the firm recorded $0.48 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -20%. KeyCorp has the potential to record 1.71 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Morgan Stanley published a research note on May 24th, 2019 where it informed investors and clients that Constellation Brands, Inc. (NYSE:STZ) is now rated as Equal-Weight. Their price target on the stock stands at $220. Nomura also rated STZ as Upgrade on March 29th, 2019, with its price target of $66 suggesting that STZ could surge by 12.61% from its current share price. Even though the stock has been trading at $191.96/share, analysts expect it to surge higher by 1.56% to reach $223.09/share. It started the day trading at $195.30 and traded between $191.81 and $194.96 throughout the trading session.
A look at its technical shows that STZ’s 50-day SMA is 197.52 while its 200-day SMA stands at 190.94. The stock has a high of $234.26 for the year while the low is $150.37. The company’s P/E ratio currently sits at 12.52, while the P/B ratio is 2.96. At the moment, only of Constellation Brands, Inc. shares were sold short. The company’s average trading volume currently stands at 1.92M shares, which means that the short-interest ratio is just 3.28 days. Over the past seven days, the company moved, with its shift of 5.70%. Looking further, the stock has raised 15.49% over the past 90 days while it gained 3.37% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more STZ shares, increasing its portfolio by +1.34% during the last quarter. This move now sees The Vanguard Group Inc purchasing 156,020 shares in the last quarter, thus it now holds 11,765,086 shares of STZ, with a total valuation of $2,075,949,425. BlackRock Fund Advisors meanwhile bought more STZ shares in the recently filed quarter, changing its stake to $1,330,833,012 worth of shares. SSgA Funds Management Inc followed the path by increasing its STZ portfolio by +5.72% in the quarter. This means that SSgA Funds Management Inc bought 395,160 shares in the last quarter and now controls 7,303,124 shares of the STZ stock, with the valuation hitting $1,288,636,230.
Similarly, Capital Research Management Co increased its Constellation Brands, Inc. shares by +2.16% during the recently filed quarter. After buying 89,900 shares in the last quarter, the firm now controls 4,259,650 shares of Constellation Brands, Inc. which are valued at $751,615,243. In the same vein, Kensico Capital Management Corp decreased its Constellation Brands, Inc. shares by during the most recent reported quarter. The firm sold -125,000 shares during the quarter which decreased its stakes to 4,210,700 shares and is now valued at $742,978,015. Following these latest developments, around 0.50% of Constellation Brands, Inc. stocks are owned by institutional investors and hedge funds.