Keysight Technologies Inc (NYSE:KEYS) Receives Average Rating of “Buy” from Analysts

Shares of Keysight Technologies Inc (NYSE:KEYS) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $93.25.

Several equities research analysts recently weighed in on KEYS shares. Goldman Sachs Group downgraded shares of Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price objective for the company. in a report on Sunday, July 21st. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a report on Tuesday, June 4th. Deutsche Bank cut their price target on shares of Keysight Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, Robert W. Baird downgraded shares of Keysight Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the company from $90.00 to $82.00 in a report on Monday, May 20th.

KEYS stock traded down $1.12 during trading on Wednesday, hitting $84.76. The company had a trading volume of 194,916 shares, compared to its average volume of 1,154,696. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The firm has a 50 day moving average price of $89.11. Keysight Technologies has a fifty-two week low of $53.21 and a fifty-two week high of $94.52. The company has a quick ratio of 1.46, a current ratio of 1.90 and a debt-to-equity ratio of 0.46.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.31. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. As a group, equities analysts predict that Keysight Technologies will post 3.88 EPS for the current fiscal year.

Keysight Technologies announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 29th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

In other Keysight Technologies news, Director James Cullen sold 16,268 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $75.50, for a total value of $1,228,234.00. Following the completion of the sale, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,914,755.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Pierpoint sold 14,832 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $94.00, for a total transaction of $1,394,208.00. Following the completion of the sale, the senior vice president now directly owns 48,747 shares of the company’s stock, valued at $4,582,218. The disclosure for this sale can be found here. Insiders sold a total of 44,718 shares of company stock valued at $3,645,835 over the last three months. 0.65% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Keysight Technologies by 14.0% during the 1st quarter. BlackRock Inc. now owns 14,460,516 shares of the scientific and technical instruments company’s stock worth $1,260,956,000 after buying an additional 1,780,298 shares during the period. Geode Capital Management LLC raised its holdings in Keysight Technologies by 48.2% during the 4th quarter. Geode Capital Management LLC now owns 2,678,128 shares of the scientific and technical instruments company’s stock worth $165,994,000 after buying an additional 871,373 shares during the period. Northern Trust Corp raised its holdings in Keysight Technologies by 1.4% during the 1st quarter. Northern Trust Corp now owns 2,161,300 shares of the scientific and technical instruments company’s stock worth $188,465,000 after buying an additional 29,810 shares during the period. Carillon Tower Advisers Inc. raised its holdings in Keysight Technologies by 9.0% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,917,171 shares of the scientific and technical instruments company’s stock worth $167,176,000 after buying an additional 158,748 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in Keysight Technologies by 3.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,718,576 shares of the scientific and technical instruments company’s stock worth $154,345,000 after buying an additional 61,578 shares during the period. Hedge funds and other institutional investors own 85.63% 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, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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