Keysight Technologies (NYSE:KEYS) Given New $160.00 Price Target at Bank of America

Keysight Technologies (NYSE:KEYS) had its price target hoisted by Bank of America from $150.00 to $160.00 in a research report released on Wednesday,Benzinga reports. Bank of America currently has an underperform rating on the scientific and technical instruments company’s stock.

KEYS has been the topic of several other research reports. Morgan Stanley lifted their price target on Keysight Technologies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird increased their price target on shares of Keysight Technologies from $163.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Vertical Research initiated coverage on shares of Keysight Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $177.30.

Keysight Technologies Price Performance

Shares of KEYS opened at $165.48 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. Keysight Technologies has a 1-year low of $119.72 and a 1-year high of $168.46. The stock has a market cap of $28.72 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The firm has a fifty day moving average price of $155.72 and a 200 day moving average price of $146.10.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. Keysight Technologies had a return on equity of 19.34% and a net margin of 12.32%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 EPS. As a group, sell-side analysts anticipate that Keysight Technologies will post 6.18 EPS for the current year.

Institutional Trading of Keysight Technologies

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in Keysight Technologies by 39.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,785 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after acquiring an additional 1,912 shares in the last quarter. Natixis increased its stake in shares of Keysight Technologies by 10.9% during the 1st quarter. Natixis now owns 17,675 shares of the scientific and technical instruments company’s stock worth $2,764,000 after purchasing an additional 1,743 shares in the last quarter. MQS Management LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth approximately $244,000. Advisors Asset Management Inc. lifted its stake in Keysight Technologies by 32.2% in the 1st quarter. Advisors Asset Management Inc. now owns 16,350 shares of the scientific and technical instruments company’s stock valued at $2,557,000 after buying an additional 3,982 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. acquired a new stake in Keysight Technologies during the 1st quarter valued at $476,000. Institutional investors and hedge funds 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.