Bank of America Forecasts Strong Price Appreciation for Keysight Technologies (NYSE:KEYS) Stock

Keysight Technologies (NYSE:KEYS) had its price objective raised by Bank of America from $150.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an underperform rating on the scientific and technical instruments company’s stock.

Several other research analysts have also issued reports on KEYS. Deutsche Bank Aktiengesellschaft upped their target price on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Susquehanna dropped their target price on shares of Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a research report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, StockNews.com raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies has an average rating of “Moderate Buy” and an average target price of $177.30.

Keysight Technologies Stock Down 0.1 %

Shares of Keysight Technologies stock opened at $170.28 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $29.55 billion, a P/E ratio of 48.65, a PEG ratio of 4.46 and a beta of 0.98. The firm’s 50 day moving average price is $156.16 and its 200-day moving average price is $146.27. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $171.05.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.34%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $2.04 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, sell-side analysts predict that Keysight Technologies will post 6.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Keysight Technologies

A number of institutional investors have recently modified their holdings of KEYS. O Shaughnessy Asset Management LLC raised its position in Keysight Technologies by 39.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,785 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after acquiring an additional 1,912 shares in the last quarter. Natixis increased its holdings in shares of Keysight Technologies by 10.9% during the 1st quarter. Natixis now owns 17,675 shares of the scientific and technical instruments company’s stock valued at $2,764,000 after purchasing an additional 1,743 shares in the last quarter. MQS Management LLC acquired a new position in shares of Keysight Technologies in the 1st quarter valued at $244,000. Advisors Asset Management Inc. boosted its holdings in Keysight Technologies by 32.2% during the first quarter. Advisors Asset Management Inc. now owns 16,350 shares of the scientific and technical instruments company’s stock worth $2,557,000 after buying an additional 3,982 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. acquired a new stake in Keysight Technologies during the first quarter valued at $476,000. Hedge funds and other 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.