Keysight Technologies (NYSE:KEYS) PT Raised to $220.00 at Citigroup

Keysight Technologies (NYSE:KEYS) had its price objective hoisted by equities researchers at Citigroup from $190.00 to $220.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. Citigroup’s price target points to a potential upside of 10.19% from the stock’s current price.

Several other analysts have also commented on KEYS. Susquehanna Bancshares raised their target price on Keysight Technologies from $178.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, August 19th. UBS Group raised their target price on Keysight Technologies from $170.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, August 24th. The Goldman Sachs Group raised their price objective on Keysight Technologies from $180.00 to $192.00 and gave the company a “buy” rating in a report on Sunday, September 26th. Susquehanna reissued a “buy” rating on shares of Keysight Technologies in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Keysight Technologies from $158.00 to $179.00 and gave the company a “hold” rating in a report on Monday, August 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $193.25.

Keysight Technologies stock opened at $199.66 on Tuesday. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 2.69 and a beta of 0.99. Keysight Technologies has a 52 week low of $117.12 and a 52 week high of $200.76. The business’s 50-day moving average price is $177.59 and its 200 day moving average price is $164.77. The company has a quick ratio of 2.55, a current ratio of 3.19 and a debt-to-equity ratio of 0.48.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.64 by $0.18. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Keysight Technologies had a return on equity of 29.41% and a net margin of 17.03%. Keysight Technologies’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. Equities analysts expect that Keysight Technologies will post 5.55 EPS for the current year.

Keysight Technologies announced that its Board of Directors has initiated a share buyback program on Monday, November 22nd that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Huei Sin Ee sold 8,256 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $180.79, for a total value of $1,492,602.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Veritable L.P. lifted its position in Keysight Technologies by 1.3% during the third quarter. Veritable L.P. now owns 4,260 shares of the scientific and technical instruments company’s stock worth $700,000 after buying an additional 55 shares in the last quarter. Windward Capital Management Co. CA lifted its position in Keysight Technologies by 1.3% during the second quarter. Windward Capital Management Co. CA now owns 5,094 shares of the scientific and technical instruments company’s stock worth $787,000 after buying an additional 63 shares in the last quarter. Clarius Group LLC lifted its position in Keysight Technologies by 4.5% during the third quarter. Clarius Group LLC now owns 1,503 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 65 shares in the last quarter. Andesa Financial Management Inc. lifted its position in Keysight Technologies by 2.8% during the second quarter. Andesa Financial Management Inc. now owns 2,444 shares of the scientific and technical instruments company’s stock worth $373,000 after buying an additional 66 shares in the last quarter. Finally, Hotaling Investment Management LLC raised its position in Keysight Technologies by 4.7% in the third quarter. Hotaling Investment Management LLC now owns 1,522 shares of the scientific and technical instruments company’s stock valued at $250,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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