Analysts Set Keysight Technologies, Inc. (NYSE:KEYS) Price Target at $167.67

Shares of Keysight Technologies, Inc. (NYSE:KEYS) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $167.67.

Several brokerages have weighed in on KEYS. Robert W. Baird dropped their price objective on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Susquehanna cut their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Vertical Research started coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $163.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $157.51 on Tuesday. The stock’s 50 day moving average is $146.41 and its 200 day moving average is $145.19. Keysight Technologies has a one year low of $118.57 and a one year high of $162.51. The firm has a market cap of $27.49 billion, a P/E ratio of 34.32, a P/E/G ratio of 5.11 and a beta of 0.97. 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) last released its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The business’s revenue was down 11.9% on a year-over-year basis. As a group, research analysts expect that Keysight Technologies will post 5.38 EPS for the current year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Keysight Technologies

A number of institutional investors have recently modified their holdings of the company. Swedbank AB purchased a new stake in Keysight Technologies in the first quarter worth about $621,993,000. Price T Rowe Associates Inc. MD raised its stake in Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares during the period. Capital World Investors purchased a new position in Keysight Technologies during the first quarter valued at approximately $250,097,000. Jennison Associates LLC boosted its position in shares of Keysight Technologies by 53.2% in the first quarter. Jennison Associates LLC now owns 3,811,605 shares of the scientific and technical instruments company’s stock worth $596,059,000 after purchasing an additional 1,323,775 shares during the period. Finally, Boston Partners purchased a new stake in shares of Keysight Technologies in the first quarter worth $175,979,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Company Profile

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.