Keysight Technologies (NYSE:KEYS) Downgraded by StockNews.com to Hold

Keysight Technologies (NYSE:KEYS - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities research analysts have also commented on the stock. Bank of America lifted their price target on Keysight Technologies from $150.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday. Susquehanna restated a "positive" rating and issued a $185.00 target price on shares of Keysight Technologies in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 21st. Barclays boosted their price target on Keysight Technologies from $180.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $177.30.

Keysight Technologies Price Performance

Shares of KEYS stock traded down $0.15 during midday trading on Friday, reaching $170.28. 1,424,466 shares of the company were exchanged, compared to its average volume of 1,301,865. The company's 50 day moving average price is $156.56 and its two-hundred day moving average price is $146.41. The company has a market cap of $29.55 billion, a P/E ratio of 48.65, a PEG ratio of 2.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.52 and a current ratio of 2.98. Keysight Technologies has a 12 month low of $119.72 and a 12 month high of $171.05.

Keysight Technologies (NYSE:KEYS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.19 billion. Keysight Technologies had a return on equity of 19.22% and a net margin of 12.32%. The business's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 EPS. On average, sell-side analysts expect that Keysight Technologies will post 6.18 earnings per share for the current year.

Hedge Funds Weigh In On Keysight Technologies

Several hedge funds have recently modified their holdings of the stock. Swedbank AB increased its stake in shares of Keysight Technologies by 3.8% in the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company's stock worth $564,626,000 after acquiring an additional 151,446 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Keysight Technologies by 8.7% in the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company's stock valued at $28,125,000 after purchasing an additional 14,185 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Keysight Technologies by 72.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company's stock worth $2,685,000 after purchasing an additional 7,106 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Keysight Technologies by 172.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company's stock worth $6,565,000 after purchasing an additional 26,577 shares during the period. Finally, Speece Thorson Capital Group Inc. boosted its stake in Keysight Technologies by 28.7% in the third quarter. Speece Thorson Capital Group Inc. now owns 80,629 shares of the scientific and technical instruments company's stock valued at $12,814,000 after buying an additional 17,962 shares in the last quarter. Institutional investors own 84.58% of the company's stock.

About Keysight Technologies

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.