Keysight Technologies Inc (KEYS) Given Consensus Recommendation of “Buy” by Brokerages

Keysight Technologies Inc (NYSE:KEYS) has received a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $71.50.

A number of analysts recently issued reports on KEYS shares. Robert W. Baird raised their target price on shares of Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Citigroup raised their target price on shares of Keysight Technologies from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research lowered shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Deutsche Bank raised their target price on shares of Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of Keysight Technologies stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Keysight Technologies by 7.5% in the 2nd quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock valued at $1,032,745,000 after acquiring an additional 1,213,517 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Keysight Technologies by 78.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after acquiring an additional 1,972,306 shares during the period. Northern Trust Corp raised its stake in shares of Keysight Technologies by 8.5% in the 2nd quarter. Northern Trust Corp now owns 1,771,996 shares of the scientific and technical instruments company’s stock valued at $104,602,000 after acquiring an additional 138,686 shares during the period. Carillon Tower Advisers Inc. raised its stake in shares of Keysight Technologies by 70.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock valued at $77,519,000 after acquiring an additional 540,583 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Keysight Technologies by 5.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,310,585 shares of the scientific and technical instruments company’s stock valued at $86,865,000 after acquiring an additional 62,291 shares during the period. Institutional investors own 87.49% of the company’s stock.

Shares of KEYS stock traded down $0.06 during trading hours on Monday, hitting $57.12. The company’s stock had a trading volume of 62,261 shares, compared to its average volume of 1,504,918. The firm has a market capitalization of $10.72 billion, a PE ratio of 25.51 and a beta of 1.19. Keysight Technologies has a twelve month low of $41.33 and a twelve month high of $70.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Keysight Technologies will post 2.88 earnings per share for the current year.

Keysight Technologies 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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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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