KeyCorp (KEY) Lagging In Pre-Market Activity - TheStreet

Trade-Ideas LLC identified

KeyCorp

(

KEY

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified KeyCorp as such a stock due to the following factors:

  • KEY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $171.5 million.
  • KEY traded 75,054 shares today in the pre-market hours as of 8:17 AM.
  • KEY is down 4.7% today from yesterday's close.

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More details on KEY:

KeyCorp. operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The stock currently has a dividend yield of 2.2%. KEY has a PE ratio of 13. Currently there are 7 analysts that rate KeyCorp a buy, 1 analyst rates it a sell, and 10 rate it a hold.

The average volume for KeyCorp has been 10.4 million shares per day over the past 30 days. KeyCorp has a market cap of $11.2 billion and is part of the financial sector and banking industry. The stock has a beta of 1.33 and a short float of 1.4% with 0.91 days to cover. Shares are unchanged year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates KeyCorp as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.6%. Since the same quarter one year prior, revenues slightly increased by 7.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • KEYCORP has improved earnings per share by 13.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, KEYCORP increased its bottom line by earning $1.04 versus $0.93 in the prior year. This year, the market expects an improvement in earnings ($1.08 versus $1.04).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 17.7% when compared to the same quarter one year prior, going from $186.00 million to $219.00 million.
  • After a year of stock price fluctuations, the net result is that KEY's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The gross profit margin for KEYCORP is currently very high, coming in at 89.83%. Regardless of KEY's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 19.36% trails the industry average.

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