Keysight (NYSE:KEYS) has been given a consensus rating of “Buy” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $56.63.
Several equities research analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $62.00 target price on shares of Keysight in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Barclays boosted their target price on shares of Keysight from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 7th. Robert W. Baird reissued an “outperform” rating and issued a $60.00 target price (up previously from $52.00) on shares of Keysight in a research report on Thursday, March 8th. Stifel Nicolaus reissued a “hold” rating on shares of Keysight in a research report on Friday, March 2nd. Finally, ValuEngine raised shares of Keysight from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
Shares of KEYS traded down $0.55 during midday trading on Thursday, hitting $54.02. The company had a trading volume of 66,414 shares, compared to its average volume of 852,386. The company has a market capitalization of $10,356.90, a P/E ratio of 24.23 and a beta of 1.00. Keysight has a 52 week low of $35.62 and a 52 week high of $55.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.57.
Keysight (NYSE:KEYS) last released its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The company had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. Keysight had a net margin of 2.64% and a return on equity of 18.19%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. sell-side analysts expect that Keysight will post 2.7 earnings per share for the current fiscal year.
Keysight declared that its board has approved a stock buyback plan on Tuesday, March 6th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, SVP Mark Adam Wallace sold 34,803 shares of Keysight stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $52.65, for a total value of $1,832,377.95. Following the completion of the transaction, the senior vice president now directly owns 171,187 shares of the company’s stock, valued at approximately $9,012,995.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Satish Dhanasekaran sold 2,000 shares of Keysight stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $51.94, for a total transaction of $103,880.00. Following the completion of the transaction, the senior vice president now directly owns 21,945 shares of the company’s stock, valued at $1,139,823.30. The disclosure for this sale can be found here. Insiders sold a total of 116,049 shares of company stock valued at $6,107,829 over the last ninety days. Company insiders own 0.97% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new position in Keysight during the 4th quarter valued at about $121,000. Cerebellum GP LLC acquired a new position in Keysight during the 4th quarter valued at about $125,000. Robeco Institutional Asset Management B.V. acquired a new position in Keysight during the 4th quarter valued at about $168,000. ING Groep NV acquired a new position in Keysight during the 4th quarter valued at about $232,000. Finally, Moors & Cabot Inc. boosted its stake in Keysight by 28.1% during the 4th quarter. Moors & Cabot Inc. now owns 8,200 shares of the scientific and technical instruments company’s stock valued at $341,000 after purchasing an additional 1,800 shares during the period. 88.59% of the stock is owned by hedge funds and other institutional investors.
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Keysight Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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