Keysight Technologies Inc (NYSE:KEYS) Given Consensus Recommendation of “Buy” by Brokerages

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Keysight Technologies Inc (NYSE:KEYS) has been given an average rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $107.70.

A number of research firms have recently issued reports on KEYS. Stifel Nicolaus increased their target price on Keysight Technologies from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank increased their target price on Keysight Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna Bancshares restated a “buy” rating on shares of Keysight Technologies in a report on Thursday, December 12th. Bank of America began coverage on Keysight Technologies in a report on Monday, November 18th. They issued a “neutral” rating and a $115.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of Keysight Technologies in a report on Wednesday, November 27th.

Shares of NYSE:KEYS traded up $1.17 on Friday, reaching $102.24. 7,184 shares of the company traded hands, compared to its average volume of 1,086,348. Keysight Technologies has a fifty-two week low of $65.51 and a fifty-two week high of $110.00. The company’s 50 day moving average is $103.98 and its 200-day moving average is $97.24. The stock has a market capitalization of $19.22 billion, a PE ratio of 23.61, a P/E/G ratio of 2.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 2.50.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Tuesday, November 26th. The scientific and technical instruments company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.21. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Keysight Technologies had a return on equity of 29.25% and a net margin of 14.43%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, analysts expect that Keysight Technologies will post 4.83 EPS for the current year.

In other Keysight Technologies news, CEO Ronald S. Nersesian sold 109,624 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $103.80, for a total transaction of $11,378,971.20. Following the transaction, the chief executive officer now directly owns 298,970 shares of the company’s stock, valued at $31,033,086. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil Dougherty sold 23,254 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $103.19, for a total transaction of $2,399,580.26. Following the transaction, the chief financial officer now directly owns 92,530 shares in the company, valued at $9,548,170.70. The disclosure for this sale can be found here. Insiders sold 158,829 shares of company stock worth $16,513,651 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in shares of Keysight Technologies by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 92,761 shares of the scientific and technical instruments company’s stock valued at $8,241,000 after buying an additional 10,537 shares during the period. Bank of Montreal Can lifted its stake in Keysight Technologies by 16.9% during the second quarter. Bank of Montreal Can now owns 173,604 shares of the scientific and technical instruments company’s stock worth $15,592,000 after purchasing an additional 25,113 shares during the period. Oppenheimer & Co. Inc. bought a new position in Keysight Technologies during the second quarter worth about $534,000. Oppenheimer Asset Management Inc. lifted its stake in Keysight Technologies by 2.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,632 shares of the scientific and technical instruments company’s stock worth $1,854,000 after purchasing an additional 413 shares during the period. Finally, LPL Financial LLC lifted its stake in Keysight Technologies by 14.4% during the second quarter. LPL Financial LLC now owns 33,396 shares of the scientific and technical instruments company’s stock worth $2,999,000 after purchasing an additional 4,208 shares during the period. 87.83% 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, 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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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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