Brokerages Set Keysight Technologies, Inc. (NYSE:KEYS) Target Price at $160.63

Keysight Technologies, Inc. (NYSE:KEYS) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $160.63.

Several research firms have issued reports on KEYS. Citigroup increased their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Barclays increased their price objective on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $184.00 to $170.00 in a research note on Thursday, February 15th.

Keysight Technologies Stock Performance

KEYS opened at $146.89 on Tuesday. The stock has a market cap of $25.64 billion, a PE ratio of 26.95, a P/E/G ratio of 6.87 and a beta of 1.05. The company has a current ratio of 1.93, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. Keysight Technologies has a 1 year low of $118.57 and a 1 year high of $172.72. The stock’s 50 day simple moving average is $154.05 and its 200-day simple moving average is $146.00.

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

Insider Transactions at Keysight Technologies

In other news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Keysight Technologies

Several large investors have recently made changes to their positions in KEYS. Rise Advisors LLC bought a new position in Keysight Technologies in the first quarter valued at about $25,000. Quarry LP bought a new position in Keysight Technologies in the second quarter valued at about $27,000. VitalStone Financial LLC bought a new position in Keysight Technologies in the first quarter valued at about $35,000. Ancora Advisors LLC bought a new position in Keysight Technologies in the third quarter valued at about $25,000. Finally, OFI Invest Asset Management bought a new position in Keysight Technologies in the third quarter valued at about $26,000. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Company Profile

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.