Keysight Technologies (NYSE:KEYS – Get Free Report) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, FlyOnTheWall reports.
Other research analysts have also recently issued reports about the stock. Citigroup decreased their target price on shares of Keysight Technologies from $200.00 to $174.00 and set a “buy” rating for the company in a report on Friday, August 18th. Barclays downgraded Keysight Technologies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $204.00 to $144.00 in a research note on Friday, August 18th. The Goldman Sachs Group raised Keysight Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $146.00 to $164.00 in a report on Monday, September 4th. Bank of America reduced their price objective on Keysight Technologies from $148.00 to $142.00 in a report on Friday, August 18th. Finally, Wells Fargo & Company lowered their target price on shares of Keysight Technologies from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average price target of $176.55.
Check Out Our Latest Report on Keysight Technologies
Keysight Technologies Price Performance
KEYS opened at $133.12 on Friday. Keysight Technologies has a 12-month low of $125.89 and a 12-month high of $189.45. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 3.02 and a beta of 1.07. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $150.38 and a two-hundred day simple moving average of $154.26.
Keysight Technologies (NYSE:KEYS – Get Free Report) last announced its earnings results on Thursday, August 17th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.15. Keysight Technologies had a net margin of 20.19% and a return on equity of 30.56%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Research analysts predict that Keysight Technologies will post 7.5 earnings per share for the current fiscal year.
Institutional Trading of Keysight Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of KEYS. Focused Wealth Management Inc purchased a new stake in Keysight Technologies in the 2nd quarter worth approximately $25,000. Hanson & Doremus Investment Management bought a new stake in shares of Keysight Technologies during the 1st quarter valued at $27,000. Quarry LP bought a new position in Keysight Technologies in the 2nd quarter worth $27,000. Optiver Holding B.V. purchased a new stake in Keysight Technologies in the 1st quarter worth $28,000. Finally, CoreCap Advisors LLC bought a new stake in Keysight Technologies during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 81.72% 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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.
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