JPMorgan Chase & Co. Boosts Keysight Technologies (NYSE:KEYS) Price Target to $225.00 – MarketBeat
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Keysight Technologies (NYSE:KEYS – Get Rating) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $215.00 to $225.00 in a research note issued on Monday, The Fly reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 39.70% from the company’s previous close.
Several other equities analysts also recently commented on KEYS. Barclays boosted their price target on shares of Keysight Technologies from $151.00 to $179.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Robert W. Baird boosted their target price on shares of Keysight Technologies from $169.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Morgan Stanley boosted their target price on shares of Keysight Technologies from $168.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Keysight Technologies from $165.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.
Keysight Technologies Stock Down 4.4 %
Keysight Technologies stock opened at $161.06 on Monday. Keysight Technologies has a fifty-two week low of $127.93 and a fifty-two week high of $209.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.38 and a current ratio of 3.02. The firm has a 50 day moving average price of $166.15 and a 200 day moving average price of $151.96. The company has a market capitalization of $28.80 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.
Keysight Technologies (NYSE:KEYS – Get Rating) last posted its quarterly earnings results on Wednesday, August 17th. The scientific and technical instruments company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.66 by $0.24. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. Keysight Technologies had a net margin of 21.00% and a return on equity of 32.13%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Research analysts expect that Keysight Technologies will post 6.85 earnings per share for the current year.
Insider Activity
In other news, SVP John Page sold 6,910 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $161.48, for a total value of $1,115,826.80. Following the completion of the sale, the senior vice president now directly owns 57,201 shares of the company’s stock, valued at $9,236,817.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company’s stock.
Institutional Investors Weigh In On Keysight Technologies
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Keysight Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock worth $3,214,409,000 after purchasing an additional 153,857 shares in the last quarter. BlackRock Inc. raised its holdings in Keysight Technologies by 1.9% during the first quarter. BlackRock Inc. now owns 18,230,643 shares of the scientific and technical instruments company’s stock worth $2,879,895,000 after purchasing an additional 334,181 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Keysight Technologies by 4.0% during the second quarter. Mackenzie Financial Corp now owns 4,150,191 shares of the scientific and technical instruments company’s stock worth $572,104,000 after purchasing an additional 160,146 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Keysight Technologies by 35.8% during the second quarter. JPMorgan Chase & Co. now owns 3,734,064 shares of the scientific and technical instruments company’s stock worth $514,741,000 after purchasing an additional 983,521 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Keysight Technologies by 42.5% during the first quarter. Bank of America Corp DE now owns 1,494,603 shares of the scientific and technical instruments company’s stock worth $236,101,000 after purchasing an additional 445,846 shares in the last quarter. 81.87% of the stock is owned by hedge funds and other institutional investors.
About Keysight Technologies
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Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
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