Keysight Technologies (NYSE:KEYS) Earns Buy Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Keysight Technologies (NYSE:KEYS) in a research report issued on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $133.00 price target on the scientific and technical instruments company’s stock. UBS Group’s target price points to a potential upside of 35.76% from the company’s previous close.

Several other brokerages also recently issued reports on KEYS. Barclays increased their price objective on shares of Keysight Technologies from $119.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Bank of America increased their price objective on shares of Keysight Technologies from $109.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Robert W. Baird increased their price objective on shares of Keysight Technologies from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Credit Suisse Group reissued a “buy” rating on shares of Keysight Technologies in a research report on Monday, August 17th. Finally, Edward Jones initiated coverage on shares of Keysight Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $125.64.

Shares of NYSE:KEYS opened at $97.97 on Tuesday. Keysight Technologies has a 52 week low of $77.93 and a 52 week high of $110.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.55 and a current ratio of 3.34. The company has a market capitalization of $18.33 billion, a PE ratio of 30.81, a PEG ratio of 2.52 and a beta of 1.07. The company has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $96.57.

Keysight Technologies (NYSE:KEYS) last issued its earnings results on Thursday, August 20th. The scientific and technical instruments company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.36. Keysight Technologies had a net margin of 14.68% and a return on equity of 25.02%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $913.42 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Keysight Technologies will post 4.18 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smithfield Trust Co. lifted its stake in Keysight Technologies by 126.1% in the second quarter. Smithfield Trust Co. now owns 269 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Quantum Capital Management lifted its stake in Keysight Technologies by 70.7% in the first quarter. Quantum Capital Management now owns 314 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 130 shares during the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new stake in Keysight Technologies in the second quarter valued at $46,000. Harvest Fund Management Co. Ltd lifted its stake in Keysight Technologies by 25.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 572 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 117 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in Keysight Technologies by 29.2% in the first quarter. Flagship Harbor Advisors LLC now owns 628 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 86.91% 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, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, 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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