Keysight Technologies (NYSE:KEYS) Price Target Raised to $180.00

Keysight Technologies (NYSE:KEYS) had its price objective raised by Robert W. Baird from $163.00 to $180.00 in a report issued on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the scientific and technical instruments company’s stock.

KEYS has been the subject of a number of other research reports. Susquehanna cut their price target on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. 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 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Keysight Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Stock Performance

Shares of KEYS opened at $170.28 on Wednesday. The company has a 50-day simple moving average of $156.16 and a 200-day simple moving average of $146.27. 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 market capitalization of $29.55 billion, a PE ratio of 48.65, a P/E/G ratio of 4.46 and a beta of 0.98. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $171.05.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 EPS. Equities research analysts predict that Keysight Technologies will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of KEYS. Swedbank AB acquired a new stake in shares of Keysight Technologies in the first quarter worth approximately $621,993,000. Price T Rowe Associates Inc. MD boosted its position in shares of 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 during the last quarter. Capital World Investors acquired a new stake in shares of Keysight Technologies in the first quarter worth approximately $250,097,000. Boston Partners acquired a new stake in shares of Keysight Technologies in the first quarter worth approximately $175,979,000. Finally, Geode Capital Management LLC boosted its position in shares of Keysight Technologies by 7.9% in the third 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. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

About Keysight Technologies

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.