Keysight Technologies Inc (NYSE:KEYS) shares reached a new 52-week high on Monday after Citigroup raised their price target on the stock from $55.00 to $62.00. Citigroup currently has a buy rating on the stock. Keysight Technologies traded as high as $54.72 and last traded at $54.82, with a volume of 517898 shares. The stock had previously closed at $54.07.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, December 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price target on shares of Keysight Technologies in a research report on Friday, December 8th. Deutsche Bank boosted their price target on Keysight Technologies to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $54.00 target price (up from $49.50) on shares of Keysight Technologies in a research note on Friday, March 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Keysight Technologies presently has a consensus rating of “Buy” and a consensus target price of $55.50.
In related news, SVP Stephen D. Williams sold 12,296 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $41.79, for a total value of $513,849.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald S. Nersesian sold 162,366 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $45.04, for a total value of $7,312,964.64. Following the completion of the sale, the insider now owns 517,674 shares of the company’s stock, valued at $23,316,036.96. The disclosure for this sale can be found here. Insiders have sold a total of 209,465 shares of company stock valued at $9,659,192 over the last quarter. 0.97% of the stock is currently owned by corporate insiders.
The stock has a market cap of $10,230.00, a P/E ratio of -50.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.57.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The business had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. Keysight Technologies had a return on equity of 18.19% and a net margin of 2.64%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. equities analysts predict that Keysight Technologies Inc will post 2.69 earnings per share for the current fiscal year.
Keysight Technologies announced that its board has initiated a stock buyback plan on Tuesday, March 6th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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.
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