Keysight Technologies’ (KEYS) Buy Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Keysight Technologies Inc. (NYSE:KEYS) in a research note issued to investors on Friday. They currently have a $52.00 price target on the scientific and technical instruments company’s stock.

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Keysight Technologies from a hold rating to a sell rating in a research report on Tuesday, September 12th. Robert W. Baird reaffirmed a buy rating and set a $48.00 price objective on shares of Keysight Technologies in a research report on Friday, September 1st. TheStreet raised shares of Keysight Technologies from a c rating to a b- rating in a research report on Tuesday. ValuEngine cut shares of Keysight Technologies from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Barclays PLC initiated coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They set an overweight rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $47.33.

Keysight Technologies (KEYS) traded up 0.26% during trading on Friday, reaching $42.86. The company had a trading volume of 436,917 shares. The stock has a 50 day moving average price of $41.37 and a 200 day moving average price of $39.70. The firm has a market capitalization of $7.97 billion, a P/E ratio of 32.69 and a beta of 1.15. Keysight Technologies has a 52 week low of $31.81 and a 52 week high of $43.19.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The business had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. Analysts predict that Keysight Technologies will post $2.47 earnings per share for the current year.

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In other news, insider Ronald S. Nersesian sold 58,931 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John C. Skinner sold 15,058 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in Keysight Technologies by 1.2% during the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 63 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in Keysight Technologies by 1.1% during the second quarter. Cadence Capital Management LLC now owns 6,167 shares of the scientific and technical instruments company’s stock worth $240,000 after buying an additional 66 shares in the last quarter. Bank of Montreal Can boosted its holdings in Keysight Technologies by 2.5% during the second quarter. Bank of Montreal Can now owns 8,977 shares of the scientific and technical instruments company’s stock worth $349,000 after buying an additional 217 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Keysight Technologies by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,956 shares of the scientific and technical instruments company’s stock worth $1,049,000 after buying an additional 228 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Keysight Technologies by 0.6% during the second quarter. Nisa Investment Advisors LLC now owns 48,250 shares of the scientific and technical instruments company’s stock worth $1,877,000 after buying an additional 300 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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