Keysight Technologies (KEYS) Upgraded to Buy by Goldman Sachs Group

Keysight Technologies (NYSE:KEYS) was upgraded by Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Robert W. Baird upped their price target on shares of Keysight Technologies from $61.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Citigroup upped their price target on shares of Keysight Technologies from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Deutsche Bank upped their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. ValuEngine cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.22.

NYSE KEYS opened at $63.23 on Thursday. The company has a current ratio of 2.42, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $12.42 billion, a PE ratio of 28.35 and a beta of 1.06. Keysight Technologies has a 12 month low of $41.33 and a 12 month high of $70.40.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, equities research analysts anticipate that Keysight Technologies will post 2.89 earnings per share for the current year.

In related news, CFO Neil Dougherty sold 3,999 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. ELM Advisors LLC purchased a new stake in Keysight Technologies in the third quarter worth about $101,000. Dupont Capital Management Corp purchased a new stake in Keysight Technologies in the second quarter worth about $102,000. Qube Research & Technologies Ltd purchased a new stake in Keysight Technologies in the second quarter worth about $120,000. First Hawaiian Bank purchased a new stake in Keysight Technologies in the third quarter worth about $149,000. Finally, Cerebellum GP LLC purchased a new stake in Keysight Technologies in the second quarter worth about $179,000. 87.54% of the stock is owned by institutional investors.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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