Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Barclays Analyst Says

Keysight Technologies (NYSE:KEYS) had its price target hoisted by Barclays from $180.00 to $200.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the scientific and technical instruments company’s stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Robert W. Baird lifted their target price on Keysight Technologies from $163.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.30.

Keysight Technologies Stock Performance

Shares of KEYS stock opened at $165.48 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $155.72 and a 200-day moving average price of $146.10. Keysight Technologies has a 52 week low of $119.72 and a 52 week high of $168.46. The firm has a market capitalization of $28.72 billion, a PE ratio of 47.28, a P/E/G ratio of 4.46 and a beta of 0.98.

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

Hedge Funds Weigh In On Keysight Technologies

Hedge funds have recently added to or reduced their stakes in the company. Swedbank AB increased its stake in Keysight Technologies by 3.8% in the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after purchasing an additional 151,446 shares during the period. Natixis Advisors LLC increased its stake in Keysight Technologies by 8.7% in the 3rd quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company’s stock worth $28,125,000 after buying an additional 14,185 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Keysight Technologies by 72.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock valued at $2,685,000 after buying an additional 7,106 shares in the last quarter. Capital International Sarl purchased a new stake in Keysight Technologies in the 1st quarter valued at about $2,434,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Keysight Technologies by 172.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,977 shares of the scientific and technical instruments company’s stock worth $6,565,000 after acquiring an additional 26,577 shares during the period. 84.58% of the stock is currently owned by institutional investors.

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.