Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Bank of America Analyst Says

Keysight Technologies (NYSE:KEYS) had its target price raised by analysts at Bank of America from $150.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the scientific and technical instruments company’s stock. Bank of America‘s target price points to a potential downside of 5.88% from the company’s previous close.

A number of other analysts also recently commented on KEYS. Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. Robert W. Baird increased their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Morgan Stanley lifted their price objective on shares of Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Stock Up 2.7 %

Shares of NYSE KEYS opened at $169.99 on Wednesday. The business’s 50 day moving average is $155.72 and its two-hundred day moving average is $146.10. The firm has a market cap 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 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.04 earnings per share. Research analysts predict that Keysight Technologies will post 6.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in Keysight Technologies in the first quarter valued at approximately $621,993,000. Price T Rowe Associates Inc. MD boosted its position in 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 purchasing an additional 2,462,543 shares during the last quarter. Capital World Investors purchased a new position in Keysight Technologies in the first quarter worth about $250,097,000. Boston Partners bought a new position in shares of Keysight Technologies in the first quarter worth about $175,979,000. Finally, Geode Capital Management LLC raised its stake in 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 valued at $697,411,000 after purchasing an additional 323,235 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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.