Keysight Technologies (NYSE:KEYS) Coverage Initiated at Susquehanna Bancshares

Susquehanna Bancshares started coverage on shares of Keysight Technologies (NYSE:KEYS) in a research report report published on Friday, BenzingaRatingsTable reports. The firm issued a positive rating and a $115.00 price objective on the scientific and technical instruments company’s stock.

Several other equities analysts have also issued reports on KEYS. Barclays assumed coverage on shares of Keysight Technologies in a report on Wednesday, August 7th. They issued an overweight rating and a $103.00 target price on the stock. Citigroup set a $100.00 target price on shares of Keysight Technologies and gave the company a buy rating in a report on Friday, August 16th. Credit Suisse Group restated an outperform rating and issued a $110.00 target price (up previously from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Goldman Sachs Group lowered shares of Keysight Technologies from a buy rating to a neutral rating and set a $86.00 target price on the stock. in a report on Sunday, July 21st. Finally, Robert W. Baird upgraded shares of Keysight Technologies from a neutral rating to an outperform rating and boosted their target price for the company from $82.00 to $100.00 in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $100.70.

KEYS stock opened at $102.97 on Friday. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.29 and a beta of 1.27. The company has a quick ratio of 1.56, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. Keysight Technologies has a 12-month low of $53.21 and a 12-month high of $103.63. The company’s fifty day simple moving average is $97.51 and its 200 day simple moving average is $89.52.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.22. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. Keysight Technologies had a net margin of 7.38% and a return on equity of 28.65%. Keysight Technologies’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Research analysts expect that Keysight Technologies will post 4.23 earnings per share for the current year.

In other news, SVP Ingrid A. Estrada sold 3,500 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $100.00, for a total transaction of $350,000.00. Following the transaction, the senior vice president now owns 73,159 shares in the company, valued at $7,315,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Satish Dhanasekaran sold 2,600 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $96.56, for a total transaction of $251,056.00. Following the transaction, the senior vice president now owns 33,140 shares in the company, valued at approximately $3,199,998.40. The disclosure for this sale can be found here. Insiders have sold 24,167 shares of company stock worth $2,299,535 in the last quarter. Company insiders own 0.65% of the company’s stock.

Large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in shares of Keysight Technologies by 229.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 64,168 shares of the scientific and technical instruments company’s stock worth $5,763,000 after acquiring an additional 44,683 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Keysight Technologies by 1,001.7% during the second quarter. Chicago Equity Partners LLC now owns 41,645 shares of the scientific and technical instruments company’s stock worth $3,740,000 after acquiring an additional 37,865 shares in the last quarter. Front Row Advisors LLC increased its position in shares of Keysight Technologies by 31.1% during the second quarter. Front Row Advisors LLC now owns 13,065 shares of the scientific and technical instruments company’s stock worth $1,173,000 after acquiring an additional 3,100 shares in the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Keysight Technologies during the second quarter worth about $431,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Keysight Technologies during the second quarter worth about $13,148,000. 86.05% of the stock is owned by institutional investors.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, 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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