Keysight Technologies (NYSE:KEYS) Sets New 1-Year High on Analyst Upgrade

Keysight Technologies, Inc. (NYSE:KEYS)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $150.00 to $160.00. Bank of America currently has an underperform rating on the stock. Keysight Technologies traded as high as $168.46 and last traded at $163.55, with a volume of 241116 shares traded. The stock had previously closed at $152.13.

Other research analysts have also issued reports about the company. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Robert W. Baird raised their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.30.

Institutional Investors Weigh In On Keysight Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB bought a new position in shares of Keysight Technologies in the first quarter worth $621,993,000. Price T Rowe Associates Inc. MD grew its position in Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares in the last quarter. Capital World Investors purchased a new position in Keysight Technologies in the first quarter worth $250,097,000. Boston Partners purchased a new stake in Keysight Technologies during the first quarter valued at about $175,979,000. Finally, Geode Capital Management LLC grew its stake 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 valued at $697,411,000 after buying an additional 323,235 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Stock Performance

The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $155.72 and a 200 day moving average price of $146.10. The stock has a market cap of $28.72 billion, a PE ratio of 31.82, a P/E/G ratio of 4.38 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last released 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 analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 earnings per share. Analysts expect that Keysight Technologies, Inc. will post 5.48 earnings per share for the current year.

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.