Agilent Technologies Inc (A) Upgraded at Morgan Stanley
Morgan Stanley upgraded shares of Agilent Technologies Inc (NYSE:A) from an equal weight rating to an overweight rating in a research note published on Wednesday morning. The firm currently has $62.00 price objective on the stock.
Other research analysts have also issued reports about the company. Janney Montgomery Scott lifted their target price on Agilent Technologies from $55.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 13th. Deutsche Bank AG started coverage on Agilent Technologies in a report on Wednesday, January 18th. They set a buy rating and a $54.00 target price on the stock. BTIG Research reaffirmed a buy rating and set a $55.00 target price on shares of Agilent Technologies in a report on Sunday, December 4th. Zacks Investment Research raised Agilent Technologies from a sell rating to a hold rating in a report on Friday, February 17th. Finally, Cowen and Company lowered Agilent Technologies from an outperform rating to a market perform rating and set a $51.00 target price on the stock. in a report on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $53.61.
Agilent Technologies (NYSE:A) opened at 53.15 on Wednesday. The stock’s 50 day moving average is $50.98 and its 200 day moving average is $47.25. Agilent Technologies has a one year low of $38.89 and a one year high of $54.82. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 34.09 and a beta of 1.19.
Agilent Technologies (NYSE:A) last released its earnings results on Tuesday, February 14th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Agilent Technologies had a return on equity of 15.49% and a net margin of 10.99%. Agilent Technologies’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. On average, equities analysts forecast that Agilent Technologies will post $2.15 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Tuesday, April 4th will be paid a $0.132 dividend. The ex-dividend date of this dividend is Friday, March 31st. This represents a $0.53 dividend on an annualized basis and a yield of 0.99%. Agilent Technologies’s dividend payout ratio is currently 37.59%.
In other Agilent Technologies news, VP Rodney Gonsalves sold 8,496 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $52.05, for a total transaction of $442,216.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Didier Hirsch sold 22,256 shares of the firm’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $48.50, for a total value of $1,079,416.00. Following the sale, the chief financial officer now owns 190,023 shares of the company’s stock, valued at $9,216,115.50. The disclosure for this sale can be found here. Insiders sold a total of 101,293 shares of company stock worth $5,088,405 in the last three months.
A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $118,636,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $5,349,000. Boothbay Fund Management LLC acquired a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $228,000. Cigna Investments Inc. New acquired a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $1,812,000. Finally, Guggenheim Capital LLC raised its stake in shares of Agilent Technologies by 3.3% in the fourth quarter. Guggenheim Capital LLC now owns 944,455 shares of the company’s stock worth $43,029,000 after buying an additional 30,575 shares during the last quarter.
Agilent Technologies Company Profile
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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