Keysight Technologies, Inc. (NYSE:KEYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Keysight Technologies, Inc. (NYSE:KEYS) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $160.63.

A number of brokerages recently weighed in on KEYS. Barclays boosted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. Finally, Citigroup boosted their price objective on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st.

Keysight Technologies Stock Performance

Shares of Keysight Technologies stock opened at $145.12 on Tuesday. The firm has a market cap of $25.33 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 6.66 and a beta of 1.05. The firm’s 50-day simple moving average is $153.72 and its 200-day simple moving average is $146.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. Keysight Technologies has a 1 year low of $118.57 and a 1 year high of $172.72.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 EPS. Equities analysts forecast that Keysight Technologies will post 5.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total value of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KEYS. Vanguard Group Inc. boosted its holdings in shares of Keysight Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after acquiring an additional 153,857 shares in the last quarter. State Street Corp boosted its holdings in shares of Keysight Technologies by 2.8% in the first quarter. State Street Corp now owns 7,878,549 shares of the scientific and technical instruments company’s stock valued at $1,272,228,000 after acquiring an additional 216,086 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Keysight Technologies by 7.6% in the first quarter. JPMorgan Chase & Co. now owns 4,264,113 shares of the scientific and technical instruments company’s stock valued at $688,569,000 after acquiring an additional 302,273 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Keysight Technologies by 3.6% in the third quarter. Mackenzie Financial Corp now owns 3,912,631 shares of the scientific and technical instruments company’s stock valued at $513,728,000 after acquiring an additional 136,818 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Keysight Technologies by 1.8% in the first quarter. Geode Capital Management LLC now owns 3,681,799 shares of the scientific and technical instruments company’s stock valued at $593,185,000 after acquiring an additional 66,008 shares in the last quarter. Institutional investors own 84.58% 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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.