Keysight Technologies Inc. (NYSE:KEYS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Keysight Technologies Inc. (NYSE:KEYS) have earned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $46.33.
Several brokerages have weighed in on KEYS. Zacks Investment Research lowered shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Jefferies Group LLC increased their target price on shares of Keysight Technologies from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $36.00 target price on shares of Keysight Technologies in a research note on Wednesday, April 19th. Credit Suisse Group began coverage on shares of Keysight Technologies in a research note on Monday, May 8th. They set an “outperform” rating and a $44.00 target price for the company. Finally, TheStreet lowered shares of Keysight Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 18th.
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Keysight Technologies (NYSE:KEYS) traded up 0.58% during midday trading on Friday, hitting $41.49. 375,826 shares of the stock traded hands. The firm has a market cap of $7.69 billion, a PE ratio of 21.08 and a beta of 1.15. Keysight Technologies has a 52-week low of $26.87 and a 52-week high of $43.15. The stock has a 50-day moving average of $40.95 and a 200 day moving average of $38.44.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.12. Keysight Technologies had a net margin of 11.61% and a return on equity of 22.62%. The firm had revenue of $758 million during the quarter, compared to analyst estimates of $748.59 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Keysight Technologies’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Keysight Technologies will post $2.48 EPS for the current year.
In related news, SVP Ingrid A. Estrada sold 18,130 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $37.26, for a total value of $675,523.80. Following the sale, the senior vice president now owns 61,140 shares of the company’s stock, valued at $2,278,076.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Dockendorff bought 13,210 shares of Keysight Technologies stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average cost of $37.81 per share, for a total transaction of $499,470.10. Following the acquisition, the director now owns 51,800 shares of the company’s stock, valued at $1,958,558. The disclosure for this purchase can be found here. Insiders have sold 461,554 shares of company stock worth $17,749,840 in the last three months. Corporate insiders own 1.23% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Keysight Technologies by 171.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 2,400 shares during the period. San Francisco Sentry Investment Group CA boosted its stake in shares of Keysight Technologies by 1.7% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 100 shares during the period. Creative Planning boosted its stake in shares of Keysight Technologies by 1.2% in the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock valued at $212,000 after buying an additional 63 shares during the period. Starfire Investment Advisers Inc. purchased a new stake in shares of Keysight Technologies during the second quarter valued at $214,000. Finally, Cadence Capital Management LLC boosted its stake in shares of Keysight Technologies by 2.6% in the first quarter. Cadence Capital Management LLC now owns 6,101 shares of the scientific and technical instruments company’s stock valued at $220,000 after buying an additional 157 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
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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