Keysight Technologies (NYSE:KEYS - Free Report) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $175.00 to $180.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the scientific and technical instruments company's stock.
A number of other brokerages have also recently issued reports on KEYS. Vertical Research began coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $175.00 price target for the company. Bank of America lifted their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an "underperform" rating in a research report on Wednesday, August 21st. Wells Fargo & Company reissued an "overweight" rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Morgan Stanley lifted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Barclays raised shares of Keysight Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $158.00 to $180.00 in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Keysight Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $177.30.
Check Out Our Latest Stock Report on KEYS
Keysight Technologies Stock Performance
Shares of Keysight Technologies stock traded up $13.35 on Wednesday, reaching $165.48. 3,222,669 shares of the company traded hands, compared to its average volume of 1,191,598. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $168.46. The company has a 50 day moving average of $155.38 and a 200 day moving average of $145.97. The firm has a market capitalization of $28.72 billion, a PE ratio of 30.81, a PEG ratio of 4.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52.
Keysight Technologies (NYSE:KEYS - Get Free Report) last released its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. Equities analysts forecast that Keysight Technologies will post 5.48 earnings per share for the current year.
Insider Activity
In related news, Director Richard P. Hamada sold 1,632 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now directly owns 42,160 shares in the company, valued at $6,576,960. This represents a 3.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company's stock.
Institutional Trading of Keysight Technologies
Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Keysight Technologies in the 2nd quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in Keysight Technologies in the 3rd quarter worth about $28,000. Erste Asset Management GmbH acquired a new position in Keysight Technologies in the 3rd quarter worth about $29,000. Family Firm Inc. acquired a new position in Keysight Technologies in the 2nd quarter worth about $30,000. Finally, American National Bank & Trust acquired a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 84.58% of the company's stock.
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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.
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