Keysight Technologies (NYSE:KEYS) Price Target Raised to $180.00 at Robert W. Baird

Keysight Technologies (NYSE:KEYS) had its price objective raised by equities researchers at Robert W. Baird from $163.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target points to a potential upside of 18.30% from the stock’s previous close.

KEYS has been the topic of several other reports. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company restated an “overweight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research assumed coverage on Keysight Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $175.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Morgan Stanley increased their target price on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Keysight Technologies Price Performance

Keysight Technologies stock opened at $152.16 on Wednesday. The stock has a market capitalization of $26.41 billion, a P/E ratio of 29.26, a P/E/G ratio of 4.38 and a beta of 0.98. Keysight Technologies has a 1 year low of $119.72 and a 1 year high of $166.28. The company’s fifty day moving average price is $155.38 and its 200 day moving average price is $145.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $2.04 earnings per share. Keysight Technologies’s revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Keysight Technologies will post 5.48 earnings per share for the current fiscal year.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the sale, the director now owns 42,160 shares in the company, valued at approximately $6,576,960. The trade was a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Keysight Technologies in the 2nd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in Keysight Technologies during the 3rd quarter worth about $28,000. Erste Asset Management GmbH bought a new stake in shares of Keysight Technologies during the third quarter valued at approximately $29,000. Family Firm Inc. acquired a new stake in shares of Keysight Technologies in the 2nd quarter valued at $30,000. Finally, American National Bank & Trust acquired a new stake in Keysight Technologies in the third quarter worth about $31,000. 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.