Keysight Technologies, Inc. (NYSE:KEYS) Given Consensus Rating of "Moderate Buy" by Analysts – MarketBeat
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Shares of Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $196.64.
Several brokerages recently commented on KEYS. Robert W. Baird increased their target price on shares of Keysight Technologies from $169.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Citigroup increased their price target on shares of Keysight Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Morgan Stanley dropped their price objective on shares of Keysight Technologies from $172.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Monday, November 14th. Wells Fargo & Company started coverage on shares of Keysight Technologies in a research report on Thursday, November 3rd. They issued an “overweight” rating and a $200.00 price objective on the stock. Finally, Susquehanna dropped their price objective on shares of Keysight Technologies from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Friday.
Keysight Technologies Stock Up 3.5 %
Shares of NYSE:KEYS opened at $171.90 on Friday. Keysight Technologies has a 52 week low of $127.93 and a 52 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 company has a market capitalization of $30.74 billion, a PE ratio of 28.46, a PEG ratio of 2.00 and a beta of 1.06. The company has a 50 day moving average price of $165.10 and a two-hundred day moving average price of $155.22.
Keysight Technologies (NYSE:KEYS – Get Rating) last released its quarterly earnings results on Thursday, November 17th. The scientific and technical instruments company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.15. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Keysight Technologies had a net margin of 21.00% and a return on equity of 32.13%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 earnings per share. Analysts forecast that Keysight Technologies will post 6.85 earnings per share for the current year.
Insider Activity
In other Keysight Technologies news, SVP John Page sold 6,910 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $161.48, for a total transaction of $1,115,826.80. Following the completion of the sale, the senior vice president now owns 57,201 shares in the company, valued at approximately $9,236,817.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Keysight Technologies
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Keysight Technologies by 35.8% in 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 during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Keysight Technologies in the third quarter worth approximately $147,028,000. Alphinity Investment Management Pty Ltd boosted its stake in shares of Keysight Technologies by 56.6% during the second quarter. Alphinity Investment Management Pty Ltd now owns 1,386,055 shares of the scientific and technical instruments company’s stock valued at $191,068,000 after purchasing an additional 501,149 shares during the period. Bessemer Group Inc. boosted its stake in shares of Keysight Technologies by 17,300.3% during the third quarter. Bessemer Group Inc. now owns 482,163 shares of the scientific and technical instruments company’s stock valued at $75,874,000 after purchasing an additional 479,392 shares during the period. Finally, Findlay Park Partners LLP boosted its stake in shares of Keysight Technologies by 101.1% during the first quarter. Findlay Park Partners LLP now owns 894,865 shares of the scientific and technical instruments company’s stock valued at $141,362,000 after purchasing an additional 449,957 shares during the period. 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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