Another Masterstroke From KeyCorp (KEY), International Paper Company (IP)

A look at KEY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.43 point. Its trading volume has lost -5552561 shares compared to readings over the past three months as it recently exchanged 7197439 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 12750000 shares, and this is 0.56 times the normal volume.

KeyCorp (NYSE:KEY) dipped by -8.06% over the past three months which led to its overall six-month decrease to stand at -19.41%. The equity price rose 5.32% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 7.96% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -15.5% and is now up by 16.58% since start of this year.

Experts from research firms are bullish about the near-term performance of KeyCorp (KEY) with most of them predicting a $19.3 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.01% rise in the stock and would lead to KEY’s market cap to surge to $19.88B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 24 analysts that track KeyCorp (NYSE:KEY) and find out that 7 of them rated it as a Hold. 15 of the 17 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.

Analysts have predicted a price target for International Paper Company (IP) for 1 year and it stands at an average $54.42/share. This means that it would likely increase by 15.71% from its current position. The current price of the stock has been moving between $46.01 and $47.28. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $74.

Analysts view International Paper Company (NYSE:IP) as a Hold, with 2.3 consensus rating. Reuters surveyed 16 analysts that follow IP and found that 7 of those analysts rated the stock as a Hold. The remaining 9 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying International Paper Company (IP) shares or sell it if they already own it.