Agilent Technologies Inc. (A) Sets New 1-Year High at $48.63
Agilent Technologies Inc. (NYSE:A) shares reached a new 52-week high on Wednesday . The stock traded as high as $48.63 and last traded at $48.34, with a volume of 1,259,833 shares traded. The stock had previously closed at $48.28.
A number of research analysts recently commented on A shares. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, April 25th. Goldman Sachs Group Inc. raised Agilent Technologies from a “buy” rating to a “conviction-buy” rating and increased their target price for the company from $47.00 to $49.00 in a research note on Wednesday, May 11th. Jefferies Group reissued a “buy” rating and issued a $51.00 target price (up previously from $46.00) on shares of Agilent Technologies in a research note on Tuesday, May 17th. Barclays PLC increased their target price on Agilent Technologies from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 17th. Finally, Evercore ISI reissued a “buy” rating and issued a $48.00 target price (up previously from $43.00) on shares of Agilent Technologies in a research note on Tuesday, May 17th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $46.61.
The stock has a market capitalization of $15.70 billion and a P/E ratio of 34.30. The firm has a 50 day moving average price of $46.50 and a 200-day moving average price of $42.44.
Agilent Technologies (NYSE:A) last released its earnings results on Monday, May 16th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $983.08 million. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts predict that Agilent Technologies Inc. will post $1.91 EPS for the current year.
In other Agilent Technologies news, Director James Cullen sold 16,697 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $45.78, for a total value of $764,388.66. Following the sale, the director now owns 92,613 shares in the company, valued at approximately $4,239,823.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael R. Mcmullen sold 124,411 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $44.46, for a total transaction of $5,531,313.06. Following the completion of the sale, the chief executive officer now owns 171,473 shares in the company, valued at approximately $7,623,689.58. The disclosure for this sale can be found here.
A number of hedge funds recently made changes to their positions in A. RS Investment Management Co. LLC increased its stake in Agilent Technologies by 44.8% in the fourth quarter. RS Investment Management Co. LLC now owns 1,883,670 shares of the company’s stock worth $78,756,000 after buying an additional 582,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agilent Technologies by 43.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,500 shares of the company’s stock worth $6,878,000 after buying an additional 49,900 shares during the period. Advantus Capital Management Inc increased its stake in Agilent Technologies by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 31,875 shares of the company’s stock worth $1,333,000 after buying an additional 1,037 shares during the period. Schroder Investment Management Group acquired a new stake in Agilent Technologies during the fourth quarter worth $1,631,000. Finally, Westfield Capital Management Co. LP increased its stake in Agilent Technologies by 9.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 852,544 shares of the company’s stock worth $35,645,000 after buying an additional 70,044 shares during the period.
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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