Keysight Technologies (NYSE:KEYS) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Keysight Technologies (NYSE:KEYS – Get Rating) in a research report released on Thursday morning. The firm issued a buy rating on the scientific and technical instruments company’s stock.

A number of other brokerages have also recently weighed in on KEYS. Susquehanna Bancshares dropped their price objective on shares of Keysight Technologies from $205.00 to $200.00 and set a positive rating for the company in a report on Friday, November 18th. Barclays upgraded shares of Keysight Technologies from an equal weight rating to an overweight rating and lifted their price objective for the company from $175.00 to $202.00 in a report on Tuesday, January 10th. The Goldman Sachs Group cut shares of Keysight Technologies from a buy rating to a neutral rating and dropped their price objective for the company from $196.00 to $189.00 in a report on Tuesday, January 10th. Morgan Stanley boosted their price target on shares of Keysight Technologies from $170.00 to $184.00 and gave the stock an equal weight rating in a report on Tuesday, December 13th. Finally, Susquehanna reiterated a positive rating and set a $208.00 price target on shares of Keysight Technologies in a report on Thursday, March 9th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies presently has a consensus rating of Moderate Buy and an average target price of $197.75.

Keysight Technologies Stock Performance

NYSE KEYS traded down $0.23 during mid-day trading on Thursday, reaching $155.16. 2,392,089 shares of the stock were exchanged, compared to its average volume of 1,548,722. The business’s 50 day moving average is $172.75 and its 200-day moving average is $170.29. Keysight Technologies has a 1 year low of $127.93 and a 1 year high of $189.45. The company has a market capitalization of $27.64 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.45 and a current ratio of 3.07.

Keysight Technologies (NYSE:KEYS – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The scientific and technical instruments company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Keysight Technologies had a net margin of 20.81% and a return on equity of 32.50%. Keysight Technologies’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, equities research analysts forecast that Keysight Technologies will post 7.3 EPS for the current fiscal year.

Insider Buying and Selling at Keysight Technologies

In related news, insider Ronald S. Nersesian sold 18,069 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $170.00, for a total value of $3,071,730.00. Following the transaction, the insider now owns 275,209 shares in the company, valued at $46,785,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Keysight Technologies

Hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. boosted its holdings in shares of Keysight Technologies by 2.1% during the third quarter. Hillsdale Investment Management Inc. now owns 3,675 shares of the scientific and technical instruments company’s stock valued at $579,000 after acquiring an additional 75 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Keysight Technologies by 10.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 118,677 shares of the scientific and technical instruments company’s stock valued at $18,675,000 after purchasing an additional 11,640 shares in the last quarter. Creative Planning raised its position in Keysight Technologies by 8.6% in the third quarter. Creative Planning now owns 31,492 shares of the scientific and technical instruments company’s stock worth $4,956,000 after acquiring an additional 2,507 shares in the last quarter. Alta Advisers Ltd bought a new stake in Keysight Technologies in the third quarter worth about $110,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Keysight Technologies during the 3rd quarter worth about $266,000. Institutional investors and hedge funds own 81.69% of the company’s stock.

Keysight Technologies Company Profile

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Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.