Keysight Technologies Inc (KEYS) Receives $48.67 Average Price Target from Analysts
Keysight Technologies Inc (NYSE:KEYS) has been assigned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.50.
A number of research analysts have recently issued reports on KEYS shares. Stifel Nicolaus reissued a “hold” rating and issued a $43.00 target price on shares of Keysight Technologies in a report on Friday, December 8th. Zacks Investment Research raised Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, December 13th. Deutsche Bank upped their price objective on Keysight Technologies to $55.00 and gave the stock a “buy” rating in a report on Monday, January 29th. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $54.00 price objective (up previously from $49.50) on shares of Keysight Technologies in a report on Friday.
In other Keysight Technologies news, insider Ronald S. Nersesian sold 75,314 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $43.06, for a total transaction of $3,243,020.84. Following the sale, the insider now directly owns 356,816 shares in the company, valued at $15,364,496.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John C. Skinner sold 9,843 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total value of $413,799.72. Following the sale, the vice president now owns 29,198 shares in the company, valued at $1,227,483.92. The disclosure for this sale can be found here. Insiders have sold 259,819 shares of company stock worth $11,483,635 in the last ninety days. 0.97% of the stock is currently owned by corporate insiders.
Keysight Technologies (NYSE KEYS) traded up $2.88 during trading hours on Wednesday, hitting $49.42. The stock had a trading volume of 2,950,000 shares, compared to its average volume of 663,424. The firm has a market capitalization of $8,724.46, a price-to-earnings ratio of 20.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.94 and a current ratio of 2.66. Keysight Technologies has a 1-year low of $35.05 and a 1-year high of $50.04.
Keysight Technologies (NYSE:KEYS) last released its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The business had revenue of $837.00 million for the quarter, compared to analyst estimates of $805.96 million. Keysight Technologies had a return on equity of 18.70% and a net margin of 2.64%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. analysts expect that Keysight Technologies will post 2.54 earnings per share for the current fiscal year.
About Keysight Technologies
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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