Keysight Technologies (NYSE:KEYS) Given New $160.00 Price Target at Bank of America

Keysight Technologies (NYSE:KEYS) had its price objective upped by Bank of America from $150.00 to $160.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underperform rating on the scientific and technical instruments company’s stock.

KEYS has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Robert W. Baird boosted their price objective on Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Vertical Research initiated coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Trading Up 8.8 %

KEYS stock opened at $165.48 on Wednesday. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $168.46. The business’s 50-day moving average is $155.72 and its 200 day moving average is $146.10. 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 cap of $28.72 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 4.46 and a beta of 0.98.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results 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 return on equity of 19.34% and a net margin of 12.32%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Keysight Technologies will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KEYS. Meeder Asset Management Inc. acquired a new position in Keysight Technologies during the second quarter worth $27,000. Truvestments Capital LLC purchased a new position in Keysight Technologies during the 3rd quarter valued at about $28,000. Erste Asset Management GmbH purchased a new position in shares of Keysight Technologies in the third quarter valued at approximately $29,000. Family Firm Inc. acquired a new position in shares of Keysight Technologies in the second quarter valued at approximately $30,000. Finally, American National Bank & Trust purchased a new stake in Keysight Technologies during the 3rd quarter worth approximately $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.