Robert W. Baird Forecasts Strong Price Appreciation for Keysight Technologies (NYSE:KEYS) Stock

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

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday, August 21st. Vertical Research assumed coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $175.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keysight Technologies from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.30.

Keysight Technologies Trading Down 0.1 %

Shares of KEYS stock opened at $170.28 on Wednesday. The stock has a market cap of $29.55 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 4.46 and a beta of 0.98. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Keysight Technologies has a fifty-two week low of $119.72 and a fifty-two week high of $171.05. The firm’s 50 day moving average price is $156.16 and its two-hundred day moving average price is $146.27.

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

Institutional Trading of Keysight Technologies

Several institutional investors have recently added to or reduced their stakes in KEYS. Swedbank AB raised its holdings in shares of Keysight Technologies by 3.8% during the second quarter. Swedbank AB now owns 4,128,892 shares of the scientific and technical instruments company’s stock worth $564,626,000 after purchasing an additional 151,446 shares during the period. Natixis Advisors LLC raised its holdings in shares of Keysight Technologies by 8.7% during 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 period. Janney Montgomery Scott LLC raised its holdings in shares of Keysight Technologies by 72.6% during the third quarter. Janney Montgomery Scott LLC now owns 16,895 shares of the scientific and technical instruments company’s stock worth $2,685,000 after purchasing an additional 7,106 shares during the period. Capital International Sarl acquired a new stake in shares of Keysight Technologies during the first quarter worth $2,434,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Keysight Technologies by 172.6% during the first 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 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.