Bank of America Boosts Keysight Technologies (NYSE:KEYS) Price Target to $160.00

Keysight Technologies (NYSE:KEYS) had its target price hoisted by Bank of America from $150.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the scientific and technical instruments company’s stock. Bank of America‘s target price would indicate a potential downside of 4.76% from the company’s current price.

A number of other equities research analysts have also issued reports on KEYS. Barclays increased their price target on Keysight Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Susquehanna dropped their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $167.99 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $167.99. The firm has a market cap of $29.15 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 4.38 and a beta of 0.98. The company’s 50 day moving average is $155.38 and its two-hundred day moving average is $145.97.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. On average, research analysts expect that Keysight Technologies will post 5.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was 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. This represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Keysight Technologies by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after acquiring an additional 323,235 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in Keysight Technologies during the 3rd quarter worth $35,000. Executive Wealth Management LLC purchased a new position in Keysight Technologies during the 3rd quarter worth $205,000. Peloton Wealth Strategists increased its stake in Keysight Technologies by 4.3% in the third quarter. Peloton Wealth Strategists now owns 4,845 shares of the scientific and technical instruments company’s stock valued at $770,000 after purchasing an additional 200 shares during the period. Finally, Groupama Asset Managment raised its holdings in shares of Keysight Technologies by 76.6% in the third quarter. Groupama Asset Managment now owns 21,753 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 9,437 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

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.