Robert W. Baird Raises Keysight Technologies (NYSE:KEYS) Price Target to $160.00

Keysight Technologies (NYSE:KEYS) had its target price boosted by equities researchers at Robert W. Baird from $155.00 to $160.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s target price would suggest a potential upside of 18.59% from the stock’s current price.

Several other research analysts also recently commented on KEYS. Bank of America dropped their price objective on shares of Keysight Technologies from $148.00 to $142.00 in a report on Friday, August 18th. StockNews.com cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. TheStreet cut Keysight Technologies from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. The Goldman Sachs Group upgraded Keysight Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $146.00 to $164.00 in a research report on Monday, September 4th. Finally, Morgan Stanley upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and set a $165.00 price target on the stock in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.18.

Keysight Technologies Trading Up 1.3 %

Keysight Technologies stock opened at $134.92 on Tuesday. The firm has a 50 day moving average of $128.20 and a 200 day moving average of $145.68. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.96 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 3.28 and a beta of 1.04. Keysight Technologies has a 12-month low of $118.57 and a 12-month high of $189.45.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a return on equity of 30.56% and a net margin of 20.19%. Keysight Technologies’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 EPS. As a group, research analysts predict that Keysight Technologies will post 7.52 earnings per share for the current year.

Institutional Investors Weigh In On Keysight Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership purchased a new position in Keysight Technologies in the 2nd quarter worth $103,365,000. Pictet Asset Management SA lifted its holdings in shares of Keysight Technologies by 7.9% during the first quarter. Pictet Asset Management SA now owns 92,771 shares of the scientific and technical instruments company’s stock worth $14,981,000 after purchasing an additional 6,785 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Keysight Technologies by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 193,369 shares of the scientific and technical instruments company’s stock valued at $31,225,000 after buying an additional 1,724 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Keysight Technologies during the 1st quarter worth approximately $197,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Keysight Technologies by 9.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 28,910 shares of the scientific and technical instruments company’s stock valued at $4,668,000 after acquiring an additional 2,503 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.