Returns Breakdown
0.01
Return On Tangible Assets
0.0099
Return On Assets
| Return On Tangible Assets | 0.009996 | |
| Return On Capital Employed | 4.1E-5 | |
| Return On Assets | 0.009863 | |
| Return On Equity | 0.12 |
Is KeyCorp (USA Stocks:KEY) outlook positive for November 2024?
 | By Raphi Shpitalnik | Macroaxis Story |
As we look ahead to November 2024, KeyCorp (NYSE: KEY) presents an intriguing opportunity for investors considering its current market dynamics. With an EPS estimate for next year at 1.51, the company shows potential for earnings growth, which could attract more investor interest. Additionally, the stock's PEG ratio of 0.72 suggests that it might be undervalued relative to its growth prospects, making it a potentially attractive buy for those looking to capitalize on regional bank stocks. However, investors should remain mindful of market volatility and other economic factors that could impact the banking sector.
Main Points
KeyCorp currently holds a performance score of 8 out of 100. Its Beta value is 1.61, indicating higher volatility compared to the market. This means KeyCorp is likely to outperform in a rising market but may lag when the market declines. To assess KeyCorp's potential price movements, consider reviewing its Treynor ratio, expected shortfall, and how these relate to its day median price. These metrics can provide insight into whether its current price trends might reverse.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Gabriel Shpitalnik
As we look towards November 2024, KeyCorp's stock presents an intriguing case for potential growth. With an EPS estimate of 1.51 for the next year and a PEG ratio of 0.72, the financial services company appears to be undervalued relative to its growth prospects. The stock's recent performance, with a 50-day moving average of 16.31 and a 200-day moving average of 15.03, suggests a positive trend. Analysts have set a highest estimated target price of 14.14, indicating room for upward movement from its current valuation real value of 14.67. Despite a short interest of 21.5 million shares, the overall analyst consensus leans towards a 'Buy,' reflecting confidence in KeyCorp's ability to navigate the regional banking landscape effectively. As the fiscal year draws to a close in December, investors might find KeyCorp an appealing option, especially given its solid footing in the domestic market. Currently, KeyCorp's capital expenditures relative to its operating cash flow are holding steady compared to last year. Looking ahead to 2024, the return on equity (ROE) is expected to increase to 12%, while the dividend yield might decrease to 5%. This brief article aims to explore KeyCorp as a potential investment opportunity for November. We'll examine why recent price movements hint at a possible rebound this month.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as KeyCorp. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for KeyCorp
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KeyCorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
How important is KeyCorp's Liquidity
KeyCorp financial leverage refers to using borrowed capital as a funding source to finance KeyCorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. KeyCorp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to KeyCorp's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of KeyCorp's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between KeyCorp's total debt and its cash.
KeyCorp Gross Profit
KeyCorp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing KeyCorp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show KeyCorp Gross Profit growth over the last 10 years. Please check KeyCorp's gross profit and other fundamental indicators for more details.
What is driving KeyCorp Investor Appetite?
KeyCorp currently demonstrates below-average downside deviation. It has Information Ratio of 0.06 and Jensen Alpha of 0.08. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure KeyCorp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact KeyCorp's stock price while adding stress to investors as they watch their shares' value plummet.This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
"Buy low, sell high" is a mantra that resonates with investors eyeing KeyCorp (NYSE: KEY) as it navigates the financial landscape. With a PEG ratio of 0.72, the stock appears undervalued relative to its growth potential, suggesting that KeyCorp might be an attractive option for those seeking value in the regional banking sector. Despite a modest operating margin of 0.24%, the bank's robust net assets of $188.28 billion provide a solid foundation for future growth. As November 2024 approaches, investors will be keenly watching KeyCorp's ability to leverage its assets and improve profitability, potentially making it a compelling choice for those looking to capitalize on its growth trajectory..
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of KeyCorp. Please refer to our Terms of Use for any information regarding our disclosure principles.