Keysight Technologies (NYSE:KEYS) Given New $160.00 Price Target at Bank of America

Keysight Technologies (NYSE:KEYS) had its price target hoisted by Bank of America from $150.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. Bank of America currently has an underperform rating on the scientific and technical instruments company’s stock.

A number of other brokerages have also recently weighed in on KEYS. Morgan Stanley increased their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird raised their target price on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Finally, StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Stock Performance

KEYS stock opened at $170.28 on Wednesday. The stock’s 50 day simple moving average is $156.56 and its 200 day simple moving average is $146.41. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $171.05. The firm has a market cap of $29.55 billion, a P/E ratio of 48.65, a P/E/G ratio of 2.27 and a beta of 0.98. The company has a current ratio of 2.98, a quick ratio of 1.52 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its stake in shares of Keysight Technologies by 39.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,785 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after purchasing an additional 1,912 shares in the last quarter. Natixis raised its position in shares of Keysight Technologies by 10.9% during the 1st quarter. Natixis now owns 17,675 shares of the scientific and technical instruments company’s stock worth $2,764,000 after buying an additional 1,743 shares in the last quarter. MQS Management LLC bought a new stake in shares of Keysight Technologies during the 1st quarter worth about $244,000. Advisors Asset Management Inc. lifted its stake in shares of Keysight Technologies by 32.2% in the 1st quarter. Advisors Asset Management Inc. now owns 16,350 shares of the scientific and technical instruments company’s stock worth $2,557,000 after acquiring an additional 3,982 shares during the period. Finally, Capital Group Investment Management PTE. LTD. bought a new position in shares of Keysight Technologies in the first quarter valued at approximately $476,000. Institutional investors and hedge funds 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.