Keysight Technologies (KEYS) Raised to Buy at Goldman Sachs Group

Keysight Technologies (NYSE:KEYS) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $72.00 price target for the company in a report on Friday, August 24th. Jefferies Financial Group upped their price target on shares of Keysight Technologies to $74.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Credit Suisse Group upped their price target on shares of Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, Deutsche Bank upped their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Keysight Technologies presently has an average rating of “Buy” and an average price target of $68.22.

KEYS stock opened at $61.78 on Thursday. The stock has a market capitalization of $11.85 billion, a P/E ratio of 27.70 and a beta of 1.06. Keysight Technologies has a fifty-two week low of $41.33 and a fifty-two week high of $70.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75.

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

In other Keysight Technologies news, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KEYS. LPL Financial LLC raised its holdings in Keysight Technologies by 91.3% during the 1st quarter. LPL Financial LLC now owns 11,433 shares of the scientific and technical instruments company’s stock worth $599,000 after buying an additional 5,455 shares during the period. Guggenheim Capital LLC raised its holdings in Keysight Technologies by 6.4% during the 1st quarter. Guggenheim Capital LLC now owns 185,269 shares of the scientific and technical instruments company’s stock worth $9,706,000 after buying an additional 11,190 shares during the period. Millennium Management LLC raised its holdings in Keysight Technologies by 108.7% during the 1st quarter. Millennium Management LLC now owns 479,618 shares of the scientific and technical instruments company’s stock worth $25,127,000 after buying an additional 249,769 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Keysight Technologies by 67.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 24,548 shares of the scientific and technical instruments company’s stock worth $1,286,000 after buying an additional 9,900 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in Keysight Technologies by 19.5% during the 1st quarter. Moors & Cabot Inc. now owns 9,800 shares of the scientific and technical instruments company’s stock worth $513,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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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