Keysight Technologies (NYSE:KEYS) Given New $180.00 Price Target at Morgan Stanley

Keysight Technologies (NYSE:KEYS) had its target price increased by investment analysts at Morgan Stanley from $165.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the scientific and technical instruments company’s stock. Morgan Stanley’s price objective suggests a potential upside of 18.30% from the company’s current price.

Several other brokerages have also issued reports on KEYS. Susquehanna reduced their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Robert W. Baird lowered their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Bank of America lifted their price objective on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Keysight Technologies Price Performance

Shares of KEYS stock opened at $152.16 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $155.38 and a two-hundred day simple moving average of $145.97. The stock has a market capitalization of $26.41 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 4.38 and a beta of 0.98. Keysight Technologies has a twelve month low of $119.72 and a twelve month high of $166.28.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Keysight Technologies’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, analysts predict that Keysight Technologies will post 5.48 EPS for the current fiscal year.

Insider Transactions at Keysight Technologies

In related news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the completion of the transaction, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Keysight Technologies during the second quarter worth about $27,000. Truvestments Capital LLC purchased a new position in Keysight Technologies in the 3rd quarter valued at approximately $28,000. Erste Asset Management GmbH acquired a new position in shares of Keysight Technologies in the third quarter worth $29,000. Family Firm Inc. purchased a new stake in shares of Keysight Technologies during the second quarter worth $30,000. Finally, American National Bank & Trust acquired a new stake in shares of Keysight Technologies in the third quarter valued at $31,000. 84.58% of the stock is currently owned by hedge funds and other 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, 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.