Keysight Technologies, Inc. (NYSE:KEYS) Receives $167.67 Consensus Price Target from Analysts

Keysight Technologies, Inc. (NYSE:KEYS) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $170.89.

KEYS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Barclays upgraded Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $158.00 to $180.00 in a research report on Monday. Finally, Susquehanna dropped their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research report on Wednesday, August 21st.

Keysight Technologies Price Performance

Shares of KEYS opened at $153.56 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The company’s fifty day moving average price is $153.63 and its 200-day moving average price is $145.09. Keysight Technologies has a 1-year low of $119.72 and a 1-year high of $162.51. The firm has a market capitalization of $26.65 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Keysight Technologies’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities research analysts predict that Keysight Technologies will post 5.43 EPS for the current year.

Insider Activity at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Institutional Trading of Keysight Technologies

Several hedge funds have recently modified their holdings of KEYS. Meeder Asset Management Inc. acquired a new position in Keysight Technologies during the 2nd quarter worth approximately $27,000. Family Firm Inc. acquired a new position in shares of Keysight Technologies during the second quarter worth $30,000. Larson Financial Group LLC purchased a new position in Keysight Technologies in the first quarter valued at $31,000. American National Bank & Trust purchased a new position in Keysight Technologies in the third quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Keysight Technologies by 262.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 254 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 184 shares in the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

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.