Keysight Technologies, Inc. (NYSE:KEYS) Receives $160.63 Average Price Target from Brokerages

Keysight Technologies, Inc. (NYSE:KEYS) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $160.63.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Barclays upped their price target on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. TheStreet raised shares of Keysight Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Finally, Citigroup raised their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st.

Keysight Technologies Trading Up 0.3 %

Keysight Technologies stock opened at $156.29 on Friday. The firm has a 50 day simple moving average of $154.33 and a 200-day simple moving average of $143.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44. The stock has a market capitalization of $27.28 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 6.98 and a beta of 1.05. Keysight Technologies has a 12-month low of $118.57 and a 12-month high of $172.72.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.72 earnings per share. As a group, equities research analysts expect that Keysight Technologies will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of Keysight Technologies stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

Several institutional investors and hedge funds have recently modified their holdings of KEYS. Jennison Associates LLC acquired a new position in Keysight Technologies in the fourth quarter worth about $395,789,000. Norges Bank acquired a new position in Keysight Technologies in the fourth quarter worth about $303,444,000. Moneta Group Investment Advisors LLC raised its position in Keysight Technologies by 110,226.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,500,438 shares of the scientific and technical instruments company’s stock worth $256,680,000 after purchasing an additional 1,499,078 shares in the last quarter. Van ECK Associates Corp grew its stake in Keysight Technologies by 105.5% during the fourth quarter. Van ECK Associates Corp now owns 2,383,143 shares of the scientific and technical instruments company’s stock worth $379,134,000 after buying an additional 1,223,694 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Keysight Technologies by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 4,845,261 shares of the scientific and technical instruments company’s stock worth $811,339,000 after buying an additional 581,148 shares during the last quarter. 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.