Keysight Technologies, Inc. (NYSE:KEYS) Receives $167.67 Consensus Target Price from Analysts

Shares of Keysight Technologies, Inc. (NYSE:KEYS) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $167.67.

A number of equities research analysts have recently weighed in on KEYS shares. JPMorgan Chase & Co. boosted their target price on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Susquehanna cut their target price 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. 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. Bank of America raised their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Keysight Technologies in a research note on Wednesday, August 21st.

Keysight Technologies Price Performance

KEYS opened at $158.96 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $27.74 billion, a P/E ratio of 34.63, a PEG ratio of 5.28 and a beta of 0.97. The stock has a 50-day moving average price of $147.78 and a 200-day moving average price of $145.13. Keysight Technologies has a 12-month low of $118.57 and a 12-month high of $162.51.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (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 analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. Keysight Technologies’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Equities analysts predict that Keysight Technologies will post 5.43 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of KEYS. Rise Advisors LLC purchased a new stake in shares of Keysight Technologies in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Keysight Technologies in the second quarter worth $27,000. Family Firm Inc. bought a new position in shares of Keysight Technologies during the second quarter valued at $30,000. Larson Financial Group LLC purchased a new position in shares of Keysight Technologies in the 1st quarter worth about $31,000. Finally, American National Bank & Trust bought a new position in Keysight Technologies in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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.