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

Keysight Technologies Inc (NYSE:KEYS) has earned a consensus recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $71.38.

KEYS has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Keysight Technologies to $74.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research downgraded Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. ValuEngine downgraded Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Credit Suisse Group increased their price target on Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Finally, Barclays set a $58.00 price target on Keysight Technologies and gave the company a “buy” rating in a research note on Thursday, May 31st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Keysight Technologies by 7.5% in the 2nd quarter. BlackRock Inc. now owns 17,495,212 shares of the scientific and technical instruments company’s stock valued at $1,032,745,000 after buying an additional 1,213,517 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Keysight Technologies by 78.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,480,212 shares of the scientific and technical instruments company’s stock valued at $264,467,000 after buying an additional 1,972,306 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Keysight Technologies by 2.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,137,818 shares of the scientific and technical instruments company’s stock valued at $112,147,000 after buying an additional 57,839 shares in the last quarter. Northern Trust Corp increased its position in shares of Keysight Technologies by 2.4% in the 1st quarter. Northern Trust Corp now owns 1,633,310 shares of the scientific and technical instruments company’s stock valued at $85,568,000 after buying an additional 37,581 shares in the last quarter. Finally, Carillon Tower Advisers Inc. increased its position in shares of Keysight Technologies by 70.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock valued at $77,519,000 after buying an additional 540,583 shares in the last quarter. Institutional investors and hedge funds own 87.55% of the company’s stock.

NYSE:KEYS traded down $0.60 during trading hours on Friday, hitting $65.80. 1,168,303 shares of the stock were exchanged, compared to its average volume of 1,196,833. Keysight Technologies has a twelve month low of $39.54 and a twelve month high of $70.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.42. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 29.51 and a beta of 1.06.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. equities analysts predict that Keysight Technologies will post 2.89 EPS for the current fiscal year.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, 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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