KeyCorp Stock Hits New 52-Week High (KEY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- KeyCorp (NYSE: KEY) hit a new 52-week high Thursday as it is currently trading at $8.83, above its previous 52-week high of $8.82 with 9.2 million shares traded as of 2:15 p.m. ET. Average volume has been 11.6 million shares over the past 30 days.

KeyCorp has a market cap of $8.16 billion and is part of the financial sector and banking industry. Shares are up 12.5% year to date as of the close of trading on Wednesday.

KeyCorp operates as a holding company for KeyBank National Association that provides various banking services in the United States. The company has a P/E ratio of 9.6, below the average banking industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates KeyCorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full KeyCorp Ratings Report.

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