JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Keysight Technologies (NYSE:KEYS) Stock

Keysight Technologies (NYSE:KEYS) had its price target upped by analysts at JPMorgan Chase & Co. from $172.00 to $177.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 9.31% from the company’s previous close.

Several other research firms have also recently commented on KEYS. Robert W. Baird boosted their price objective on shares of Keysight Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of Keysight Technologies from $156.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Wall Street Zen cut shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Keysight Technologies from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Keysight Technologies Trading Down 0.3%

Shares of NYSE:KEYS opened at $161.93 on Wednesday. The company has a market cap of $27.98 billion, a P/E ratio of 46.27, a P/E/G ratio of 2.41 and a beta of 1.10. The stock’s 50-day moving average is $147.37 and its 200-day moving average is $159.71. Keysight Technologies has a 52-week low of $119.72 and a 52-week high of $186.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.27 and a current ratio of 2.98.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Tuesday, May 20th. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Keysight Technologies had a net margin of 12.32% and a return on equity of 19.22%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. Equities research analysts predict that Keysight Technologies will post 6.32 earnings per share for the current year.

Insider Buying and Selling at Keysight Technologies

In related news, CFO Neil Dougherty sold 3,632 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $155.00, for a total value of $562,960.00. Following the sale, the chief financial officer now owns 115,063 shares of the company’s stock, valued at approximately $17,834,765. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Keysight Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC grew its position in Keysight Technologies by 364.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,652,311 shares of the scientific and technical instruments company’s stock worth $747,301,000 after acquiring an additional 3,650,953 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Keysight Technologies by 29.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,114,952 shares of the scientific and technical instruments company’s stock worth $2,588,546,000 after acquiring an additional 3,621,349 shares in the last quarter. Norges Bank purchased a new position in Keysight Technologies in the fourth quarter worth $320,707,000. Victory Capital Management Inc. grew its position in Keysight Technologies by 1,224.5% in the first quarter. Victory Capital Management Inc. now owns 1,991,884 shares of the scientific and technical instruments company’s stock worth $298,324,000 after acquiring an additional 1,841,494 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Keysight Technologies by 343.6% in the fourth quarter. Point72 Asset Management L.P. now owns 1,008,192 shares of the scientific and technical instruments company’s stock worth $161,946,000 after acquiring an additional 780,893 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

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.