Keysight Technologies, Inc. (NYSE:KEYS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Keysight Technologies, Inc. (NYSE:KEYS) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $160.63.

KEYS has been the subject of several recent analyst reports. Citigroup lifted their price target on Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $184.00 to $170.00 in a research note on Thursday, February 15th. Finally, Barclays lifted their price target on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st.

Keysight Technologies Stock Performance

NYSE KEYS opened at $153.32 on Tuesday. The stock has a 50-day simple moving average of $154.58 and a two-hundred day simple moving average of $145.83. The firm has a market capitalization of $26.76 billion, a P/E ratio of 28.13, a PEG ratio of 7.03 and a beta of 1.05. Keysight Technologies has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Keysight Technologies had a return on equity of 26.84% and a net margin of 18.14%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. On average, equities analysts forecast that Keysight Technologies will post 5.4 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $4,457,369.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Keysight Technologies by 19.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,241 shares of the scientific and technical instruments company’s stock worth $1,601,000 after purchasing an additional 1,644 shares during the last quarter. Cardinal Capital Management raised its position in shares of Keysight Technologies by 5.2% during the 1st quarter. Cardinal Capital Management now owns 38,281 shares of the scientific and technical instruments company’s stock valued at $5,986,000 after buying an additional 1,887 shares during the period. Janiczek Wealth Management LLC raised its position in shares of Keysight Technologies by 33.7% during the 1st quarter. Janiczek Wealth Management LLC now owns 583 shares of the scientific and technical instruments company’s stock valued at $91,000 after buying an additional 147 shares during the period. Thompson Investment Management Inc. raised its position in shares of Keysight Technologies by 2.6% during the 1st quarter. Thompson Investment Management Inc. now owns 48,626 shares of the scientific and technical instruments company’s stock valued at $7,604,000 after buying an additional 1,255 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Keysight Technologies by 693.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 51,758 shares of the scientific and technical instruments company’s stock valued at $8,094,000 after buying an additional 45,234 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Keysight Technologies Company Profile

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.