Goldman Sachs Group upgraded shares of Keysight Technologies (NYSE:KEYS) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat.com reports.

A number of other research analysts have also recently issued reports on KEYS. Citigroup boosted their price objective on shares of Keysight Technologies from $62.00 to $71.00 and gave the company a buy rating in a report on Wednesday, July 18th. Jefferies Financial Group boosted their price objective on shares of Keysight Technologies to $74.00 and gave the company a buy rating in a report on Wednesday, August 22nd. Deutsche Bank boosted their price objective on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a buy rating in a report on Wednesday, August 22nd. Zacks Investment Research cut shares of Keysight Technologies from a buy rating to a hold rating in a report on Wednesday, August 1st. Finally, ValuEngine cut shares of Keysight Technologies from a buy rating to a hold rating in a report on Tuesday, September 4th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $68.22.

Shares of NYSE:KEYS traded down $1.01 during trading on Thursday, hitting $62.06. 44,836 shares of the company’s stock were exchanged, compared to its average volume of 1,155,120. Keysight Technologies has a 1-year low of $41.33 and a 1-year high of $70.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 28.48 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $961.91 million. During the same quarter in the previous year, the company earned $0.61 EPS. Keysight Technologies’s revenue was up 20.7% on a year-over-year basis. Equities research analysts anticipate that Keysight Technologies will post 2.89 earnings per share for the current year.

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of Keysight Technologies stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.97% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. ELM Advisors LLC bought a new position in Keysight Technologies in the third quarter valued at approximately $101,000. Dupont Capital Management Corp bought a new stake in shares of Keysight Technologies in the second quarter worth $102,000. Qube Research & Technologies Ltd bought a new stake in shares of Keysight Technologies in the second quarter worth $120,000. First Hawaiian Bank bought a new stake in shares of Keysight Technologies in the third quarter worth $149,000. Finally, Cerebellum GP LLC bought a new stake in shares of Keysight Technologies in the second quarter worth $179,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, 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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