Keysight Technologies (NYSE:KEYS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Keysight Technologies (NYSE:KEYS) had its price target boosted by Robert W. Baird from $163.00 to $180.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the scientific and technical instruments company’s stock.

KEYS has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Keysight Technologies from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Vertical Research began coverage on Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price for the company. Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Finally, Morgan Stanley boosted their price objective on Keysight Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Price Performance

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 firm has a market cap of $28.72 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 4.46 and a beta of 0.98. The company’s fifty day simple moving average is $155.72 and its 200 day simple moving average is $146.10. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $168.46.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, analysts expect that Keysight Technologies will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEYS. Swedbank AB lifted its position in shares of Keysight Technologies by 3.8% during the 2nd quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after buying an additional 151,446 shares in the last quarter. Natixis Advisors LLC boosted its position in Keysight Technologies by 8.7% in the third quarter. Natixis Advisors LLC now owns 176,966 shares of the scientific and technical instruments company’s stock worth $28,125,000 after purchasing an additional 14,185 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Keysight Technologies by 72.6% in 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 purchasing an additional 7,106 shares during the period. Capital International Sarl purchased a new stake in shares of Keysight Technologies during the 1st quarter valued at $2,434,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Keysight Technologies by 172.6% during the 1st 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 purchasing an additional 26,577 shares during the period. 84.58% of the stock is currently owned by hedge funds and other 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.