Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Keysight Technologies (NYSE:KEYS) had its price objective increased by Morgan Stanley from $165.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the scientific and technical instruments company’s stock. Morgan Stanley’s target price would indicate a potential upside of 5.89% from the company’s previous close.

A number of other research firms also recently weighed in on KEYS. Susquehanna reduced their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research note on Wednesday, August 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Barclays upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $158.00 to $180.00 in a report on Monday, November 4th. Finally, Robert W. Baird lowered their price target on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.30.

Keysight Technologies Trading Up 2.7 %

Shares of Keysight Technologies stock opened at $169.99 on Wednesday. The company has a market capitalization of $29.50 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 4.46 and a beta of 0.98. 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 12-month low of $119.72 and a 12-month high of $170.52. The firm’s 50-day moving average price is $155.72 and its two-hundred day moving average price is $146.10.

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, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts forecast that Keysight Technologies will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Keysight Technologies

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Keysight Technologies during the 2nd quarter worth $27,000. Truvestments Capital LLC bought a new stake in Keysight Technologies in the 3rd quarter valued at about $28,000. Erste Asset Management GmbH bought a new stake in Keysight Technologies in the 3rd quarter valued at about $29,000. Family Firm Inc. bought a new stake in Keysight Technologies in the 2nd quarter valued at about $30,000. Finally, American National Bank & Trust bought a new stake in shares of Keysight Technologies during the third quarter valued at about $31,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

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.