Keysight Technologies (KEYS) Raised to Buy at Zacks Investment Research

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Keysight Technologies (NYSE:KEYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $88.00 price target on the scientific and technical instruments company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.53% from the stock’s current price.

According to Zacks, “Keysight Technologies, Inc. is an Applied Technology company that provides electronic measurement solutions to the communications and electronics industries. It provides electronic measurement instruments and systems and related software, software design tools, and related services that are used in the design, development, manufacture, installation, deployment, and operation of electronics equipment. The Company provides start-up assistance, consulting, optimization and application support throughout the customer’s product lifecycle. It also offers customization, consulting and optimization services throughout the customer’s product lifecycle. Keysight Technologies, Inc. is headquartered in Santa Rosa, California. “

Several other equities analysts have also commented on KEYS. ValuEngine lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. TheStreet lowered shares of Keysight Technologies from an “a-” rating to a “c+” rating in a research report on Tuesday, November 20th. Goldman Sachs Group upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. Jefferies Financial Group increased their price objective on shares of Keysight Technologies from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, November 21st. Finally, Stifel Nicolaus began coverage on shares of Keysight Technologies in a report on Monday, October 22nd. They issued a “buy” rating and a $73.00 target price for the company. Eleven research analysts have rated the stock with a buy rating, Keysight Technologies presently has a consensus rating of “Buy” and a consensus price target of $73.44.

KEYS stock opened at $78.90 on Thursday. Keysight Technologies has a 52 week low of $43.96 and a 52 week high of $79.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 26.30 and a beta of 1.13.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.71 earnings per share. Keysight Technologies’s quarterly revenue was up 19.7% compared to the same quarter last year. Research analysts anticipate that Keysight Technologies will post 3.5 EPS for the current fiscal year.

In other news, SVP Ingrid A. Estrada sold 15,462 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $62.26, for a total value of $962,664.12. Following the completion of the sale, the senior vice president now owns 92,121 shares in the company, valued at approximately $5,735,453.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Satish Dhanasekaran sold 1,354 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $61.54, for a total transaction of $83,325.16. Following the completion of the sale, the senior vice president now owns 29,337 shares of the company’s stock, valued at approximately $1,805,398.98. The disclosure for this sale can be found here. Insiders sold a total of 249,925 shares of company stock valued at $14,923,747 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC bought a new stake in Keysight Technologies during the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust lifted its holdings in Keysight Technologies by 41.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 154 shares in the last quarter. Guardian Life Insurance Co. of America bought a new stake in Keysight Technologies during the 4th quarter valued at about $33,000. Lindbrook Capital LLC bought a new stake in Keysight Technologies during the 4th quarter valued at about $34,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Keysight Technologies during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 87.47% 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, 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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