Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Keysight Technologies (NYSE:KEYS) had its target price boosted by investment analysts at Robert W. Baird from $163.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target would indicate a potential upside of 5.89% from the company’s previous close.

Several other equities analysts have also commented on the stock. Morgan Stanley increased their target price on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America raised their target price on shares of Keysight Technologies from $135.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, August 21st. Susquehanna cut their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.30.

Keysight Technologies Price Performance

NYSE KEYS opened at $169.99 on Wednesday. The company has a market cap of $29.50 billion, a PE ratio of 48.57, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $155.72 and its two-hundred day simple moving average is $146.10. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $170.52.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Research analysts predict that Keysight Technologies will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Keysight Technologies

Large investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock worth $1,248,773,000 after buying an additional 194,294 shares during the last quarter. Swedbank AB raised its position in Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock worth $702,671,000 after acquiring an additional 292,372 shares during the period. Geode Capital Management LLC boosted its stake in shares of Keysight Technologies by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock worth $697,411,000 after acquiring an additional 323,235 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Keysight Technologies by 352.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after acquiring an additional 2,462,543 shares during the period. Finally, Capital World Investors purchased a new stake in shares of Keysight Technologies in the 1st quarter worth $250,097,000. 84.58% of the stock is currently owned by 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.