Keysight Technologies Inc. (NYSE:KEYS) has received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.11.
A number of analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Keysight Technologies from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Friday, June 16th. BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and set a $40.00 target price on shares of Keysight Technologies in a report on Friday, September 1st. Citigroup Inc. raised their target price on shares of Keysight Technologies from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. Finally, Bank of America Corporation set a $53.00 target price on shares of Keysight Technologies and gave the stock a “buy” rating in a report on Thursday, June 8th.
Shares of Keysight Technologies (KEYS) traded down 1.15% on Wednesday, hitting $39.62. The company had a trading volume of 551,295 shares. The company has a 50-day moving average of $41.13 and a 200 day moving average of $38.86. The stock has a market cap of $7.34 billion, a PE ratio of 20.13 and a beta of 1.15. Keysight Technologies has a 12 month low of $29.25 and a 12 month high of $43.15.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $832 million during the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Analysts anticipate that Keysight Technologies will post $2.47 EPS for the current fiscal year.
In other Keysight Technologies news, SVP Michael Gasparian sold 2,677 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $41.66, for a total value of $111,523.82. Following the completion of the sale, the senior vice president now owns 65,926 shares in the company, valued at approximately $2,746,477.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John C. Skinner sold 15,058 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. Insiders sold a total of 425,835 shares of company stock valued at $16,381,392 in the last ninety days. Company insiders own 1.23% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware purchased a new stake in Keysight Technologies in the 2nd quarter worth approximately $100,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Keysight Technologies by 171.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after buying an additional 2,400 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Keysight Technologies in the 2nd quarter worth approximately $207,000. San Francisco Sentry Investment Group CA lifted its position in Keysight Technologies by 1.7% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 100 shares in the last quarter. Finally, Creative Planning lifted its position in Keysight Technologies by 1.2% in the 2nd quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 63 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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