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

Keysight Technologies (NYSE:KEYS) had its price target hoisted by equities researchers at Bank of America from $150.00 to $160.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “underperform” rating on the scientific and technical instruments company’s stock. Bank of America‘s target price would suggest a potential downside of 5.88% from the company’s current price.

KEYS has been the topic of several other research reports. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Vertical Research assumed 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. JPMorgan Chase & Co. raised their price target on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Susquehanna decreased their price target 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. Finally, Morgan Stanley boosted their price target on shares of Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Trading Up 2.7 %

NYSE:KEYS opened at $169.99 on Wednesday. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $170.52. 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 firm has a market cap of $29.50 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The stock has a fifty day moving average price of $155.72 and a 200 day moving average price of $146.10.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Keysight Technologies by 2.5% in the third quarter. State Street Corp now owns 7,857,378 shares of the scientific and technical instruments company’s stock valued at $1,248,773,000 after purchasing an additional 194,294 shares during the period. Swedbank AB raised its position in shares of Keysight Technologies by 7.1% in the third quarter. Swedbank AB now owns 4,421,264 shares of the scientific and technical instruments company’s stock valued at $702,671,000 after purchasing an additional 292,372 shares during the period. Geode Capital Management LLC raised its position in shares of Keysight Technologies by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,400,035 shares of the scientific and technical instruments company’s stock valued at $697,411,000 after purchasing an additional 323,235 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Keysight Technologies by 352.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock valued at $494,299,000 after purchasing an additional 2,462,543 shares during the period. Finally, Capital World Investors bought a new position in shares of Keysight Technologies in the first quarter valued at about $250,097,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.

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.