Keysight Technologies Inc (KEYS) Given New $50.00 Price Target at Jefferies Group LLC
Keysight Technologies Inc (NYSE:KEYS) had its price target raised by stock analysts at Jefferies Group LLC from $45.00 to $50.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. Jefferies Group LLC’s price target points to a potential upside of 39.08% from the stock’s current price.
Several other equities research analysts have also recently weighed in on KEYS. Wells Fargo & Co started coverage on Keysight Technologies in a research report on Thursday, April 6th. They set an “outperform” rating on the stock. TheStreet cut shares of Keysight Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, February 8th. Zacks Investment Research cut shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America Corp started coverage on shares of Keysight Technologies in a research report on Wednesday, April 5th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Deutsche Bank AG set a $40.00 price objective on shares of Keysight Technologies and gave the stock a “buy” rating in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $40.80.
Shares of Keysight Technologies (NYSE:KEYS) traded down 0.53% during trading on Monday, hitting $35.76. 602,451 shares of the stock traded hands. The stock has a 50 day moving average price of $37.17 and a 200-day moving average price of $35.81. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 16.18 and a beta of 1.14. Keysight Technologies has a 1-year low of $25.49 and a 1-year high of $39.36.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Thursday, February 16th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Keysight Technologies had a return on equity of 25.73% and a net margin of 11.51%. The firm had revenue of $726 million for the quarter, compared to analysts’ expectations of $723.96 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Equities analysts forecast that Keysight Technologies will post $2.33 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of Keysight Technologies by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,101,025 shares of the scientific and technical instruments company’s stock valued at $161,651,000 after buying an additional 12,824 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Keysight Technologies by 549.6% in the third quarter. Great West Life Assurance Co. Can now owns 1,003,529 shares of the scientific and technical instruments company’s stock valued at $31,762,000 after buying an additional 849,042 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Keysight Technologies during the fourth quarter valued at about $5,562,000. BlackRock Inc. raised its stake in shares of Keysight Technologies by 2.6% in the third quarter. BlackRock Inc. now owns 172,084 shares of the scientific and technical instruments company’s stock valued at $5,454,000 after buying an additional 4,296 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Keysight Technologies by 8.6% in the third quarter. Cardinal Capital Management now owns 43,632 shares of the scientific and technical instruments company’s stock valued at $1,383,000 after buying an additional 3,458 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.
About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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